Local Law 97 penalty estimate
10 East 53rd Street: $23,056/year in fees starting in 2030
Loading map
What would the estimated penalty be in 2030, assuming nothing changes?
$23,056/year
- Beginning in 2030, the city drops the emissions cap by 46%.
- At the same energy use, 10 East 53rd Street will be 86 tons over the cap.
- Penalty is $268/ton over the cap, $23,056 total
1,695 ton cap86 over
What is the estimated penalty for 10 East 53rd Street right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 10 East 53rd Street is 587 tons under the emissions cap.
- So it owes no penalty.
Emitted 2,579Allowed 3,166
Why does the penalty change in 2030?
- The emissions cap will be lowered by 46% in 2030, from 3,166 to 1,695 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 2,579 to 1,781 tons.
- Energy use is held the same.
- Tons over go from 0 to 86 tons.
How much would the building need to cut its emissions to avoid the penalty?
5% less emissions than today
- This building must emit 5% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 10 East 53rd Street?
36/100, grade D
- 10 East 53rd Street scores 36 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 111 kBtu per sq ft a year.
DCBA
360100
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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Manhattan
- 115 WEST 40 STREET$63,417 a year from 2030
- 150 William Street$81,399 a year from 2030
- 115 5 AVENUE$13,764 a year from 2030
- 395-401 Park Avenue South$60,674 a year from 2030
- 1784 BROADWAY$15,144 a year from 2030