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FeeWarden

Local Law 97 penalty estimate

63 Gansevoort Street may pay $122,438/year in fees starting in 2030

Office · 25,963 sq ft · Manhattan

Current fee: $163,684/year

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Why is this property expected to pay a fee beginning in 2030?
  • Beginning in 2030, the city drops the emissions cap by 46%.
  • At the same energy use, 63 Gansevoort Street will be 457 tons over the cap.
  • Penalty is $268/ton over the cap, $122,438 total
What is the estimated penalty for 63 Gansevoort Street right now?

$163,684/year

  • NYC caps a building's yearly greenhouse gas emissions.
  • 63 Gansevoort Street is 611 tons over the emissions cap.
  • Penalty is $268/ton over the cap, $163,684 total
Why does the penalty change in 2030?
  • The emissions cap will be lowered by 46% in 2030, from 220 to 118 tons.
  • NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 830 to 574 tons.
  • Energy use is held the same.
  • Tons over go from 611 to 457 tons.
How much would the building need to cut its emissions to avoid the penalty?

80% less emissions than today

  • This building must emit 80% less to avoid penalties.
  • Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 63 Gansevoort Street?

1/100, grade D

  • 63 Gansevoort Street scores 1 out of 100 for energy efficiency.
  • That is grade D on the city's scale. 50 is typical for its type.
  • It uses 463 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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