Local Law 97 penalty estimate
805 3rd Avenue
What would the estimated penalty be in 2030, assuming nothing changes?
$0/year
- Beginning in 2030, the city drops the emissions cap by 46%.
- At the same energy use, 805 3rd Avenue will stay under the cap.
- So it owes no penalty.
Emitted 1,505Allowed 2,707
What is the estimated penalty for 805 3rd Avenue right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 805 3rd Avenue is 2,647 tons under the emissions cap.
- So it owes no penalty.
Emitted 2,408Allowed 5,055
Why does the penalty change in 2030?
- The emissions cap will be lowered by 46% in 2030, from 5,055 to 2,707 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 2,408 to 1,505 tons.
- Energy use is held the same.
- Tons over go from 0 to 0 tons.
How much would the building need to cut its emissions to avoid the penalty?
- No cut is needed.
- At its current energy use it stays under the 2030 cap.
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
Similar buildings in Manhattan
- 78 Front Street$150,694 a year from 2030
- 150 William Street$81,399 a year from 2030
- 10 East 53rd Street$23,056 a year from 2030
- 115 WEST 40 STREET$63,417 a year from 2030
- 26 Broadway$427,358 a year from 2030