Local Law 97 penalty estimate
550 Audubon Avenue may pay $17,978/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 67 tons over the cap.
- Penalty is $268/ton over the cap, $17,978 total
0Cap: 161 tons228
What is the estimated penalty for 550 Audubon Avenue right now?
$0/year
- 550 Audubon Avenue is 10 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 267 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 267 to 161 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 257 to 228 tons.
- At the same energy use, this property goes from 0 to 67 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?
30% less emissions than today
How energy efficient is 550 Audubon Avenue?
22/100, grade D
- It scores 22 out of 100 (grade D), which is well below average compared to its peers.
- It uses 112 kBtu per sq ft a year.
DCBA
220100
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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