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FeeWarden

Local Law 97 penalty estimate

710 Noble Avenue may pay $40,203/year in fees starting in 2030

Multifamily Housing · 61,100 sq ft · Bronx

Current fee: $12,738/year

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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 150 tons over the cap.
  • Penalty is $268/ton over the cap, $40,203 total
What is the estimated penalty for 710 Noble Avenue right now?

$12,738/year

  • 710 Noble Avenue is 48 tons over the emissions cap.
  • Penalty is $268/ton over the cap, $12,738 total
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 412 to 249 tons.
  • NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 460 to 399 tons.
  • At the same energy use, this property goes from 48 to 150 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?

38% 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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