47-25 48 Street may pay $31,374/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 117 tons over the cap, a $31,374 penalty.
0Cap: 0 tons117 tons emitted117 tons
What is the estimated penalty for 47-25 48 Street right now?
$31,373/year
- This property is 117 tons over the cap, a $31,373 penalty.
0Cap: 0 tons117 tons emitted117 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 100% in 2030, from 0 to 0 tons.
- Current trends put it 117 tons over the cap, up from 117.
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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