Local Law 97 penalty estimate
223 Sherman Avenue may pay $34,022/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 127 tons over the cap.
- Penalty is $268/ton over the cap, $34,022 total
0Cap: 193 tons320 tons emitted320 tons
What is the estimated penalty for 223 Sherman Avenue right now?
$17,417/year
- 223 Sherman Avenue is 65 tons over the emissions cap.
- Penalty is $268/ton over the cap, $17,417 total
0Cap: 321 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 321 to 193 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 386 to 320 tons.
- At the same energy use, this property goes from 65 to 127 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?
40% less emissions than today
How energy efficient is 223 Sherman Avenue?
2/100, grade D
- It scores 2 out of 100 (grade D), which is well below average compared to its peers.
- It uses 134 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
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