701 8th Avenue (Hacels, LLC)

How does 701 8th Avenue (Hacels, LLC) compare with other office buildings in New York City?

The latest disclosures cover 3,384 office buildings in New York City, out of 48,310 buildings citywide. Its site EUI of 90.2 kBtu/ft² is about 40% above the average of 64.5 kBtu/ft² — it uses more energy per square foot than the typical building in that group. Its emissions intensity of 8.0 kgCO₂e/ft² is about 38% above the group average of 5.8 kgCO₂e/ft².

At 65,686 sq ft, it is about 68% below the average floor area of 205,440 sq ft for those buildings. It was built in 1928, 12 years earlier than the group's average year built (1940). Across all 24 jurisdictions BuildingCensus covers, the 15,264 office buildings average an ENERGY STAR score of 73 and a site EUI of 59.3 kBtu/ft².

What does a site EUI of 90.2 kBtu/ft² mean?

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. 701 8th Avenue (Hacels, LLC)'s 90.2 kBtu/ft² across 65,686 sq ft works out to about 5.9 billion Btu (1,736 MWh-equivalent) in 2024. Its source EUI of 166.2 kBtu/ft² also counts the energy lost generating and delivering that power, which is why it is higher. The disclosure also reports 799,737 kWh of electricity, 12,268 therms of natural gas and 3,808 thousand gallons of water for the year.

Which law requires 701 8th Avenue (Hacels, LLC) to report its energy use?

701 8th Avenue (Hacels, LLC) 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 2024 disclosure (source record nyc:44993793:2024). 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.