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FeeWarden

Local Law 97 penalty estimate

405 East 73rd Street may pay $50,785/year in fees starting in 2030

Hotel · 82,320 sq ft · Manhattan

Current fee: $39,041/year

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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 47%.
  • At the same energy use, this property will be 190 tons over the cap.
  • Penalty is $268/ton over the cap, $50,785 total
What is the estimated penalty for 405 East 73rd Street right now?

$39,041/year

  • 405 East 73rd Street is 146 tons over the emissions cap.
  • Penalty is $268/ton over the cap, $39,041 total
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 47% in 2030, from 812 to 433 tons.
  • NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 958 to 622 tons.
  • At the same energy use, this property goes from 146 to 190 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?

31% less emissions than today

How energy efficient is 405 East 73rd Street?

12/100, grade D

  • It scores 12 out of 100 (grade D), which is well below average compared to its peers.
  • It uses 162 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 match of this property type to the city's category is still being checked
  • ○The compliance route the city assigns is not confirmed

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