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Local Law 97 penalty estimate

38 West 9th Street, 42 West 9th Street, 50 West 9th Street: $11,634/year in fees starting in 2030

Multifamily Housing · 73,098 sq ft · Manhattan

Current fee: none

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

$11,634/year

  • Beginning in 2030, the city drops the emissions cap by 40%.
  • At the same energy use, 38 West 9th Street, 42 West 9th Street, 50 West 9th Street will be 43 tons over the cap.
  • Penalty is $268/ton over the cap, $11,634 total
What is the estimated penalty for 38 West 9th Street, 42 West 9th Street, 50 West 9th Street right now?

$0/year

  • NYC caps a building's yearly greenhouse gas emissions.
  • 38 West 9th Street, 42 West 9th Street, 50 West 9th Street is 110 tons under the emissions cap.
  • So it owes no penalty.
Why does the penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 493 to 298 tons.
  • NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 384 to 341 tons.
  • Energy use is held the same.
  • Tons over go from 0 to 43 tons.
How much would the building need to cut its emissions to avoid the penalty?

13% less emissions than today

  • This building must emit 13% less to avoid penalties.
  • Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 38 West 9th Street, 42 West 9th Street, 50 West 9th Street?

32/100, grade D

  • 38 West 9th Street, 42 West 9th Street, 50 West 9th Street scores 32 out of 100 for energy efficiency.
  • That is grade D on the city's scale. 50 is typical for its type.
  • It uses 91 kBtu per sq ft a year.
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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