Local Law 97 penalty estimate
66 Park Avenue: $31,494/year in fees starting in 2030
Loading map
Open Street View
Loading Street View
What would the estimated penalty be in 2030, assuming nothing changes?
$31,494/year
- Beginning in 2030, the city drops the emissions cap by 47%.
- At the same energy use, 66 Park Avenue will be 118 tons over the cap.
- Penalty is $268/ton over the cap, $31,494 total
Cap: 554 tons
0671 tons emitted
What is the estimated penalty for 66 Park Avenue right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 66 Park Avenue is 143 tons under the emissions cap.
- So it owes no penalty.
Cap: 1,039 tons
0895 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 47% in 2030, from 1,039 to 554 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 895 to 671 tons.
- Energy use is held the same.
- Tons over go from 0 to 118 tons.
How much would the building need to cut its emissions to avoid the penalty?
18% less emissions than today
- This building must emit 18% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 66 Park Avenue?
17/100, grade D
- 66 Park Avenue scores 17 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 146 kBtu per sq ft a year.
DCBA
170100
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
- 112 East 11th Street$48,919 a year from 2030
- 4 West 31st Street$43,514 a year from 2030
- 224 West 49th Street$19,678 a year from 2030
- 11 Howard Street / 138 Lafayette St$15,509 a year from 2030
- 10 9 Avenue$38,646 a year from 2030