59 West 12th Street may pay $61,483/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 100%.
- At the same energy use, this property will be 229 tons over the cap, a $61,483 penalty.
0Cap: 0 tons229 tons emitted229 tons
What is the estimated penalty for 59 West 12th Street right now?
$61,666/year
- This property is 230 tons over the cap, a $61,666 penalty.
0Cap: 0 tons230 tons emitted230 tons
How will this property’s penalty change in 2030?
- This building’s emissions cap will be lowered from 0 to 0 tons in 2030.
- Grid improvements will cut this building’s emissions from 230 to 229 tons by 2030.
- If usage stays the same, this building will be 229 tons over the cap, up from 230.
How much would the building need to cut its emissions to avoid the penalty?
100% 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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- 17 Pitt Street$61,120 a year from 2030