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245 East 11th Street may pay $27,006/year in fees starting in 2030

Multifamily Housing · 49,500 sq ft · Manhattan

Current fee: $7,688/year

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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 101 tons over the cap, a $27,006 penalty.
What is the estimated penalty for 245 East 11th Street right now?

$7,688/year

  • This property is 29 tons over the cap, a $7,688 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 334 to 201 tons.
  • A cleaner grid cuts emissions from 363 to 302 tons by 2030. Current trends put it 101 tons over the cap, up from 29.
How much would the building need to cut its emissions to avoid the penalty?

34% less emissions than today

How energy efficient is 245 East 11th Street?

8/100, grade D

  • It scores 8 out of 100 (grade D), which is well below average compared to its peers.
  • It uses 121 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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