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Local Law 97 penalty estimate

781 Croes Avenue: $116,791/year in fees starting in 2030

Multifamily Housing · 111,000 sq ft · Bronx

Current fee: $37,066/year

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What would the estimated penalty be in 2030, assuming nothing changes?

$116,791/year

  • Beginning in 2030, the city drops the emissions cap by 40%.
  • At the same energy use, 781 Croes Avenue will be 436 tons over the cap.
  • Penalty is $268/ton over the cap, $116,791 total
What is the estimated penalty for 781 Croes Avenue right now?

$37,066/year

  • NYC caps a building's yearly greenhouse gas emissions.
  • 781 Croes Avenue is 138 tons over the emissions cap.
  • Penalty is $268/ton over the cap, $37,066 total
Why does the penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 749 to 452 tons.
How much would the building need to cut its emissions to avoid the penalty?

50% less emissions than today

  • This building must emit 50% less to avoid penalties.
  • Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
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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