Local Law 97 penalty estimate
224 Riverside Drive may pay $7,667/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 40%.
- At the same energy use, 224 Riverside Drive will be 29 tons over the cap.
- Penalty is $268/ton over the cap, $7,667 total
0Cap: 103 tons131 tons emitted
What is the estimated penalty for 224 Riverside Drive right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 224 Riverside Drive is 25 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 171 tons146 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 171 to 103 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 146 to 131 tons.
- Energy use is held the same.
- Tons over go from 0 to 29 tons.
How much would the building need to cut its emissions to avoid the penalty?
22% less emissions than today
- This building must emit 22% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 224 Riverside Drive?
97/100, grade A
- 224 Riverside Drive scores 97 out of 100 for energy efficiency.
- That is grade A on the city's scale. 50 is typical for its type.
- It uses 76 kBtu per sq ft a year.
DCBA
970100
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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Manhattan
- 240 West 104 Street$10,667 a year from 2030
- 126 Riverside Drive$520 a year from 2030
- 292 Lafayette Street$21,463 a year from 2030
- 267 West 124 Street$3,202 a year from 2030
- 531 West 211th Street$41,589 a year from 2030