Local Law 97 penalty estimate
2 Water St may pay $50,901/year in fees starting in 2030
Loading map
Loading Street View
Why is this property expected to pay a fee beginning in 2030?
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 2 Water St will be 190 tons over the cap.
- Penalty is $268/ton over the cap, $50,901 total
0Cap: 770 tons960 tons emitted
What is the estimated penalty for 2 Water St right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 2 Water St is 112 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 1,277 tons1.2k
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 1,277 to 770 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 1,165 to 960 tons.
- Energy use is held the same.
- Tons over go from 0 to 190 tons.
How much would the building need to cut its emissions to avoid the penalty?
20% less emissions than today
- This building must emit 20% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 2 Water St?
2/100, grade D
- 2 Water St scores 2 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 101 kBtu per sq ft a year.
DCBA
20100
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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Manhattan
- 415 East 54 Street$46,998 a year from 2030
- 455 Main Street$20,899 a year from 2030
- 15 W 139th St$1,535,392 a year from 2030
- 637 East 5th Street$70,107 a year from 2030
- 139 East 15 Street$75,825 a year from 2030