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317 East 48 Street may pay $31,616/year in fees starting in 2030

Multifamily Housing · 74,751 sq ft · Manhattan

Current fee: $2,780/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 118 tons over the cap, a $31,616 penalty.
What is the estimated penalty for 317 East 48 Street right now?

$2,780/year

  • This property is 10 tons over the cap, a $2,780 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 505 to 304 tons.
  • A cleaner grid cuts emissions from 515 to 422 tons by 2030. Current trends put it 118 tons over the cap, up from 10.
How much would the building need to cut its emissions to avoid the penalty?

28% less emissions than today

How energy efficient is 317 East 48 Street?

43/100, grade D

  • It scores 43 out of 100 (grade D), which is below average compared to its peers.
  • It uses 112 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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