Local Law 97 penalty estimate
65 EAST 99TH STREET: $861,860/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$861,860/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 65 EAST 99TH STREET will be 3,216 tons over the cap.
- Penalty is $268/ton over the cap, $861,860 total
4,738 ton cap3,216 over
What is the estimated penalty for 65 EAST 99TH STREET right now?
$347,603/year
- NYC caps a building's yearly greenhouse gas emissions.
- 65 EAST 99TH STREET is 1,297 tons over the emissions cap.
- Penalty is $268/ton over the cap, $347,603 total
7,857 ton cap1,297 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 7,857 to 4,738 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 9,154 to 7,954 tons.
- Energy use is held the same.
- Tons over go from 1,297 to 3,216 tons.
How much would the building need to cut its emissions to avoid the penalty?
41% less emissions than today
- This building must emit 41% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 65 EAST 99TH STREET?
12/100, grade D
- 65 EAST 99TH STREET scores 12 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 134 kBtu per sq ft a year.
DCBA
120100
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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