301 East 52nd Street may pay $5,559/year in fees starting in 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 21 tons over the cap, a $5,559 penalty.
0Cap: 115 tons
What is the estimated penalty for 301 East 52nd Street right now?
$0/year
- 301 East 52nd Street is 28 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 190 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 190 to 115 tons.
- A cleaner grid cuts emissions from 162 to 135 tons by 2030. Current trends put it 21 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?
16% less emissions than today
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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