Local Law 97 penalty estimate
16 Park Avenue may pay $21,781/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 81 tons over the cap.
- Penalty is $268/ton over the cap, $21,781 total
0Cap: 263 tons345
What is the estimated penalty for 16 Park Avenue right now?
$0/year
- 16 Park Avenue is 57 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 437 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 437 to 263 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 380 to 345 tons.
- At the same energy use, this property goes from 0 to 81 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?
24% less emissions than today
How energy efficient is 16 Park Avenue?
95/100, grade A
- It scores 95 out of 100 (grade A), which is well above average compared to its peers.
- It uses 78 kBtu per sq ft a year.
DCBA
950100
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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