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240 East 87 Street may pay $12,391/year in fees starting in 2030

Multifamily Housing · 34,396 sq ft · Manhattan

Current fee: none

Ranks #1,139 of 1,907 Manhattan buildings with a penalty from 2030

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Why is this property expected to pay a fee beginning in 2030?
  • Beginning in 2030, NYC drops the emissions cap by 40%.
  • At the same energy use, this property will be 46 tons over the cap, a $12,391 penalty.
What is the estimated penalty for 240 East 87 Street right now?

$0/year

  • 240 East 87 Street is 27 tons under the emissions cap.
  • So it may not owe a penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 232 to 140 tons.
  • A cleaner grid cuts emissions from 205 to 186 tons by 2030. Current trends put it 46 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

25% less emissions than today

How energy efficient is 240 East 87 Street?

79/100, grade B

  • It scores 79 out of 100 (grade B), which is well above average compared to its peers.
  • It uses 79 kBtu per sq ft a year.
How reliable is this estimate?
  • This is a planning estimate, not the city's official number.
  • Owners report their own energy use, and reports can have mistakes.
  • The city makes the final call.
  • ✓Energy use comes from the building's own 2024 report to the city
  • ✓Emissions rates for 2024 to 2029 match the law
  • ✓Emissions rates for 2030 on match the city rule
  • ✓The property type is matched to the city's category
  • ○The compliance route the city assigns is not confirmed

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