Local Law 97 penalty estimate
1404 Ocean Parkway
What would the estimated penalty be in 2030, assuming nothing changes?
$0/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 1404 Ocean Parkway will stay under the cap.
- So it owes no penalty.
Emitted 77Allowed 111
What is the estimated penalty for 1404 Ocean Parkway right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 1404 Ocean Parkway is 82 tons under the emissions cap.
- So it owes no penalty.
Emitted 102Allowed 185
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 185 to 111 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 102 to 77 tons.
- Energy use is held the same.
- Tons over go from 0 to 0 tons.
How much would the building need to cut its emissions to avoid the penalty?
- No cut is needed.
- At its current energy use it stays under the 2030 cap.
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
Similar buildings in Brooklyn
- 79 Woodruff Avenue$5,175 a year from 2030
- 455 Barbey Street$3,798 a year from 2030
- 418 JEROME ST$2,427 a year from 2030
- 186 Hooper Street$10,735 a year from 2030
- 361 Maple St.$13,189 a year from 2030