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FeeWarden

Local Law 97 penalty estimate

351 Seguine Avenue: $1,320,338/year in fees starting in 2030

Hospital · 9,474 sq ft · Staten Island

Current fee: $1,532,045/year

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

$1,320,338/year

  • Beginning in 2030, the city drops the emissions cap by 50%.
  • At the same energy use, 351 Seguine Avenue will be 4,927 tons over the cap.
  • Penalty is $268/ton over the cap, $1,320,338 total
What is the estimated penalty for 351 Seguine Avenue right now?

$1,532,045/year

  • NYC caps a building's yearly greenhouse gas emissions.
  • 351 Seguine Avenue is 5,717 tons over the emissions cap.
  • Penalty is $268/ton over the cap, $1,532,045 total
Why does the penalty change in 2030?
  • The emissions cap will be lowered by 50% in 2030, from 226 to 113 tons.
  • NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 5,942 to 5,040 tons.
  • Energy use is held the same.
  • Tons over go from 5,717 to 4,927 tons.
How much would the building need to cut its emissions to avoid the penalty?

98% less emissions than today

  • This building must emit 98% less to avoid penalties.
  • Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
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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