Local Law 97 penalty estimate
212 East 42nd Street may pay $535,466/year in fees starting in 2030
Loading map
Loading Street View
Why is this property expected to pay a fee beginning in 2030?
- Beginning in 2030, the city drops the emissions cap by 47%.
- At the same energy use, 212 East 42nd Street will be 1,998 tons over the cap.
- Penalty is $268/ton over the cap, $535,466 total
0Cap: 2,319 tons4,317 tons emitted
What is the estimated penalty for 212 East 42nd Street right now?
$170,788/year
- NYC caps a building's yearly greenhouse gas emissions.
- 212 East 42nd Street is 637 tons over the emissions cap.
- Penalty is $268/ton over the cap, $170,788 total
0Cap: 4,352 tons5k
Why does the penalty change in 2030?
- The emissions cap will be lowered by 47% in 2030, from 4,352 to 2,319 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 4,989 to 4,317 tons.
- Energy use is held the same.
- Tons over go from 637 to 1,998 tons.
How much would the building need to cut its emissions to avoid the penalty?
47% less emissions than today
- This building must emit 47% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 212 East 42nd Street?
11/100, grade D
- 212 East 42nd Street scores 11 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 192 kBtu per sq ft a year.
DCBA
110100
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
- 2 East 55th Street$83,882 a year from 2030
- 228 West 47th Street$186,235 a year from 2030
- 246 Spring Street$27,074 a year from 2030
- 145 West 47th Street$7,388 a year from 2030
- 47 Church street$98,530 a year from 2030