Local Law 97 penalty estimate
560 West 33rd Street: $1,355,247/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$1,355,247/year
- Beginning in 2030, the city drops the emissions cap by 43%.
- At the same energy use, 560 West 33rd Street will be 5,057 tons over the cap.
- Penalty is $268/ton over the cap, $1,355,247 total
4,250 ton cap5,057 over
What is the estimated penalty for 560 West 33rd Street right now?
$588,217/year
- NYC caps a building's yearly greenhouse gas emissions.
- 560 West 33rd Street is 2,195 tons over the emissions cap.
- Penalty is $268/ton over the cap, $588,217 total
7,444 ton cap2,195 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 43% in 2030, from 7,444 to 4,250 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 9,639 to 9,307 tons.
- Energy use is held the same.
- Tons over go from 2,195 to 5,057 tons.
How much would the building need to cut its emissions to avoid the penalty?
55% less emissions than today
- This building must emit 55% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 560 West 33rd Street?
25/100, grade D
- 560 West 33rd Street scores 25 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 168 kBtu per sq ft a year.
DCBA
250100
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
- ○The report's listed uses cover under 95% of the floor area
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