Local Law 97 penalty estimate
712 7th Avenue may pay $221,383/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 47%.
- At the same energy use, this property will be 826 tons over the cap.
- Penalty is $268/ton over the cap, $221,383 total
0Cap: 1,229 tons2,055 tons emitted2.1k tons
What is the estimated penalty for 712 7th Avenue right now?
$247,320/year
- 712 7th Avenue is 923 tons over the emissions cap.
- Penalty is $268/ton over the cap, $247,320 total
0Cap: 2,305 tons3.2k
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 47% in 2030, from 2,305 to 1,229 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 3,228 to 2,055 tons.
- At the same energy use, this property goes from 923 to 826 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?
41% less emissions than today
How energy efficient is 712 7th Avenue?
1/100, grade D
- It scores 1 out of 100 (grade D), which is well below average compared to its peers.
- It uses 202 kBtu per sq ft a year.
DCBA
10100
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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