Local Law 97 penalty estimate
537 Broadway may pay $2,445/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, 537 Broadway will be 9 tons over the cap.
- Penalty is $268/ton over the cap, $2,445 total
0Cap: 163 tons172 tons emitted
What is the estimated penalty for 537 Broadway right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 537 Broadway is 36 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 270 tons234 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 270 to 163 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 234 to 172 tons.
- Energy use is held the same.
- Tons over go from 0 to 9 tons.
How much would the building need to cut its emissions to avoid the penalty?
6% less emissions than today
- This building must emit 6% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
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
- 327 W. 30th Street$3,360 a year from 2030
- 206-210 West 118th St.$31,375 a year from 2030
- 245 West 25th Street$22,160 a year from 2030
- 15 Jacobus Place$23,120 a year from 2030
- 215 West 116th Street$13,687 a year from 2030