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740 - 745 Riverside Drive may pay $52,432/year in fees starting in 2030

Multifamily Housing · 134,392 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 40%.
  • At the same energy use, this property will be 196 tons over the cap, a $52,432 penalty.
What is the estimated penalty for 740 - 745 Riverside Drive right now?

$0/year

  • 740 - 745 Riverside Drive is 60 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 907 to 547 tons.
  • A cleaner grid cuts emissions from 847 to 743 tons by 2030. Current trends put it 196 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

27% less emissions than today

How energy efficient is 740 - 745 Riverside Drive?

55/100, grade C

  • It scores 55 out of 100 (grade C), which is about average compared to its peers.
  • It uses 84 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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