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320 East 53rd Street may pay $28,409/year in fees starting in 2030

Multifamily Housing · 62,307 sq ft · Manhattan

Current fee: $314/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 106 tons over the cap, a $28,409 penalty.
What is the estimated penalty for 320 East 53rd Street right now?

$314/year

  • This property is 1 tons over the cap, a $314 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 421 to 254 tons.
  • A cleaner grid cuts emissions from 422 to 360 tons by 2030. Current trends put it 106 tons over the cap, up from 1.
How much would the building need to cut its emissions to avoid the penalty?

30% less emissions than today

How energy efficient is 320 East 53rd Street?

49/100, grade D

  • It scores 49 out of 100 (grade D), which is about average compared to its peers.
  • It uses 89 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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