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FeeWarden

611 Academy Street may pay $23,020/year in fees starting in 2030

Multifamily Housing · 38,500 sq ft · Manhattan

Current fee: $4,062/year

Ranks #735 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 86 tons over the cap, a $23,020 penalty.
What is the estimated penalty for 611 Academy Street right now?

$4,062/year

  • This property is 15 tons over the cap, a $4,062 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 260 to 157 tons.
  • A cleaner grid cuts emissions from 275 to 243 tons by 2030. Current trends put it 86 tons over the cap, up from 15.
How much would the building need to cut its emissions to avoid the penalty?

36% less emissions than today

How energy efficient is 611 Academy Street?

23/100, grade D

  • It scores 23 out of 100 (grade D), which is well below average compared to its peers.
  • It uses 123 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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