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2970 Ocean Avenue may pay $4,993/year in fees starting in 2030

Multifamily Housing · 36,010 sq ft · Brooklyn

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 19 tons over the cap, a $4,993 penalty.
What is the estimated penalty for 2970 Ocean Avenue right now?

$0/year

  • 2970 Ocean Avenue is 44 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 243 to 147 tons.
  • A cleaner grid cuts emissions from 200 to 165 tons by 2030. Current trends put it 19 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

12% less emissions than today

How energy efficient is 2970 Ocean Avenue?

22/100, grade D

  • It scores 22 out of 100 (grade D), which is well below average compared to its peers.
  • It uses 91 kBtu per sq ft a year.
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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