500 Park Avenue (Office V2)

How does 500 Park Avenue (Office V2) compare with other financial office buildings in New York City?

The latest disclosures cover 48 financial office buildings in New York City, out of 48,310 buildings citywide. 500 Park Avenue (Office V2)'s ENERGY STAR score of 4 compares with an average of 72 across the 35 that report a score; it scores higher than 0% of them and lower than 97%. Its site EUI of 196.6 kBtu/ft² is about 138% above the average of 82.7 kBtu/ft² — it uses more energy per square foot than the typical building in that group. Its emissions intensity of 18.6 kgCO₂e/ft² is about 145% above the group average of 7.6 kgCO₂e/ft².

At 103,178 sq ft, it is about 84% below the average floor area of 655,976 sq ft for those buildings. It was built in 1959, 9 years earlier than the group's average year built (1968). Across all 24 jurisdictions BuildingCensus covers, the 161 financial office buildings average an ENERGY STAR score of 72 and a site EUI of 69.2 kBtu/ft².

What does an ENERGY STAR score of 4 mean?

ENERGY STAR scores run from 1 to 100 and are computed by the EPA's Portfolio Manager as a percentile against similar buildings nationwide, adjusted for climate, size and use: a score of 4 means the building performs better than about 4% of its national peers. BuildingCensus bands the score into report-card grades; 4 falls in band D — lowest band (1–54). It sits 71 points below 75, the threshold for ENERGY STAR certification. In New York City, 43% of scored buildings are at 75 or above.

Site energy-use intensity (EUI) is the energy a building uses on site in a year divided by its floor area, in thousand Btu per square foot — lower is more efficient. 500 Park Avenue (Office V2)'s 196.6 kBtu/ft² across 103,178 sq ft works out to about 20.3 billion Btu (5,945 MWh-equivalent) in 2023. Its source EUI of 447.0 kBtu/ft² also counts the energy lost generating and delivering that power, which is why it is higher. The disclosure also reports 3,984,584 kWh of electricity and 6,128 thousand gallons of water for the year.

Which law requires 500 Park Avenue (Office V2) to report its energy use?

500 Park Avenue (Office V2) reports under Local Law 84 (LL84), the legal basis of New York City's Energy and Water Data Disclosure program, which publishes each covered building's annual benchmarking results. The record shown here is the report-year 2023 disclosure (source record nyc:33978671:2023). Under Local Law 97, buildings over 25,000 sq ft face carbon caps with fines of $268 per metric ton of CO₂e over the limit, phasing in from 2024.