Local Law 97 penalty estimate
500 Cathedral Pkwy New York may pay $14,772/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 55 tons over the cap, a $14,772 penalty.
0Cap: 138 tons193
What is the estimated penalty for 500 Cathedral Pkwy New York right now?
$4,967/year
- This property is 19 tons over the cap, a $4,967 penalty.
0Cap: 229 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 229 to 138 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 247 to 193 tons.
- At the same energy use, this property goes from 19 to 55 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?
29% less emissions than today
How energy efficient is 500 Cathedral Pkwy New York?
21/100, grade D
- It scores 21 out of 100 (grade D), which is well below average compared to its peers.
- It uses 98 kBtu per sq ft a year.
DCBA
210100
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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