Local Law 97 penalty estimate
527 Avenue X may pay $6,355/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 40%.
- At the same energy use, this property will be 24 tons over the cap.
- Penalty is $268/ton over the cap, $6,355 total
0Cap: 153 tons
What is the estimated penalty for 527 Avenue X right now?
$0/year
- 527 Avenue X is 59 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 254 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 254 to 153 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 194 to 177 tons.
- At the same energy use, this property goes from 0 to 24 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?
14% less emissions than today
How energy efficient is 527 Avenue X?
26/100, grade D
- It scores 26 out of 100 (grade D), which is well below average compared to its peers.
- It uses 91 kBtu per sq ft a year.
DCBA
260100
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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