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515 East 88th Street may pay $21,123/year in fees starting in 2030

Multifamily Housing · 42,286 sq ft · Manhattan

Current fee: none

Ranks #798 of 1,907 Manhattan buildings with a penalty from 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 79 tons over the cap, a $21,123 penalty.
What is the estimated penalty for 515 East 88th Street right now?

$0/year

  • 515 East 88th Street is 8 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 40% in 2030, from 285 to 172 tons.
  • A cleaner grid cuts emissions from 278 to 251 tons by 2030. Current trends put it 79 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

32% less emissions than today

How energy efficient is 515 East 88th Street?

76/100, grade B

  • It scores 76 out of 100 (grade B), which is well above average compared to its peers.
  • It uses 88 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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