Local Law 97 penalty estimate
1199 East 53rd Street may pay $92,915/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, 1199 East 53rd Street will be 347 tons over the cap.
- Penalty is $268/ton over the cap, $92,915 total
0Cap: 609 tons955 tons emitted
What is the estimated penalty for 1199 East 53rd Street right now?
$7,232/year
- NYC caps a building's yearly greenhouse gas emissions.
- 1199 East 53rd Street is 27 tons over the emissions cap.
- Penalty is $268/ton over the cap, $7,232 total
0Cap: 1,009 tons
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 1,009 to 609 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 1,036 to 955 tons.
- Energy use is held the same.
- Tons over go from 27 to 347 tons.
How much would the building need to cut its emissions to avoid the penalty?
37% less emissions than today
- This building must emit 37% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 1199 East 53rd Street?
53/100, grade D
- 1199 East 53rd Street scores 53 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 95 kBtu per sq ft a year.
DCBA
530100
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 Brooklyn
- 1275 East 51st Street$51,450 a year from 2030
- 1200 East 53rd Street$4,245 a year from 2030
- 1270 East 51th Street$40,447 a year from 2030
- 499 Court Street$14,827 a year from 2030
- 160 Parkside Avenue$438 a year from 2030