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8 East 12th Street may pay $7,515/year in fees starting in 2030

Multifamily Housing · 31,122 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 28 tons over the cap, a $7,515 penalty.
What is the estimated penalty for 8 East 12th Street right now?

$0/year

  • 8 East 12th Street is 31 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 210 to 127 tons.
  • A cleaner grid cuts emissions from 180 to 155 tons by 2030. Current trends put it 28 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

19% 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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