Skip to content
FeeWarden

Local Law 97 penalty estimate

685 Academy Street may pay $41,615/year in fees starting in 2030

Multifamily Housing · 37,690 sq ft · Manhattan

Current fee: $20,488/year

Loading map

Map

Loading Street View

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 155 tons over the cap.
  • Penalty is $268/ton over the cap, $41,615 total
What is the estimated penalty for 685 Academy Street right now?

$20,488/year

  • 685 Academy Street is 76 tons over the emissions cap.
  • Penalty is $268/ton over the cap, $20,488 total
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 254 to 153 tons.
  • NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 331 to 309 tons.
  • At the same energy use, this property goes from 76 to 155 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?

51% less emissions than today

How energy efficient is 685 Academy Street?

41/100, grade D

  • It scores 41 out of 100 (grade D), which is below average compared to its peers.
  • It uses 117 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 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

Tell us how to reach you. We pass your request to up to 3 vetted energy contractors who will send quotes. Nothing is shared until you send this.

Similar buildings in Manhattan