Skip to content
FeeWarden

246 Spring Street may pay $27,074/year in fees starting in 2030

Hotel · 390,337 sq ft · Manhattan

Current fee: none

Loading map

Map

Loading Street View

Why is this property expected to pay a fee beginning in 2030?
  • Beginning in 2030, NYC drops the emissions cap by 47%.
  • At the same energy use, this property will be 101 tons over the cap, a $27,074 penalty.
What is the estimated penalty for 246 Spring Street right now?

$0/year

  • 246 Spring Street is 635 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 47% in 2030, from 3,853 to 2,053 tons.
  • A cleaner grid cuts emissions from 3,217 to 2,154 tons by 2030. Current trends put it 101 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

5% less emissions than today

How energy efficient is 246 Spring Street?

31/100, grade D

  • It scores 31 out of 100 (grade D), which is below average compared to its peers.
  • It uses 127 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 match of this property type to the city's category is still being checked
  • ○The compliance route the city assigns is not confirmed

Own or manage this building?

Get up to 3 quotes from vetted energy contractors.

Get quotes to cut this penalty

Tell us how to reach you. We pass your request to up to 3 vetted energy contractors who will send quotes. Nothing is shared until you send this.

Order Compliance Report

A written report for this building: emissions by fuel, the gap to each cap, and the cheapest path to close it. Tell us where to send it and we will confirm scope and price by email.

Order Portfolio Review

One review across all your buildings: penalty exposure by property and the order to fix them in. Tell us how to reach you and we will send a quote.

Similar buildings in Manhattan