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32 East 31st Street may pay $5,501/year in fees starting in 2030

Office · 49,995 sq ft · Manhattan

Current fee: none

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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 46%.
  • At the same energy use, this property will be 21 tons over the cap, a $5,501 penalty.
What is the estimated penalty for 32 East 31st Street right now?

$0/year

  • 32 East 31st Street is 129 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 46% in 2030, from 423 to 226 tons.
  • A cleaner grid cuts emissions from 294 to 247 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?

9% less emissions than today

How energy efficient is 32 East 31st Street?

74/100, grade B

  • It scores 74 out of 100 (grade B), which is well above average compared to its peers.
  • It uses 76 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

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