Does 1195 Ocean Pkwy face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 1195 Ocean Pkwy has a projected annual penalty of $4,065/year under Article 320 from 2024.

What is the statutory compliance pathway for 1195 Ocean Pkwy (BBL 3065327501)?

1195 Ocean Pkwy is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

Multifamily Housing BBL: 3065327501 Article 320 from 2024

Dafnonas Estates LTD: 1195 Ocean Pkwy

1195 Ocean Pkwy, Brooklyn, NY 11230

Generate Official Board Memo ($495)

Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 1195 Ocean Pkwy (Brooklyn, BBL 3065327501) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 3.88 kgCO2e/sq ft against a 2030 statutory limit of 3.35 kgCO2e/sq ft, the property faces an estimated statutory penalty of $4,065 per year starting in 2030 (total 5-year cumulative exposure of $20,325) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

3.88 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

6.75 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$4,065/year

$4,065/yr

5-Year Cumulative Exposure

$20,325

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

28,439 sq ft

Dwelling / Commercial Units

14 units

Governing Compliance Pathway

Article 320 from 2024

Statutory Excess Rate

$268 per metric ton excess CO2e (§ 28-320.6)

Need the full statutory audit for your board packet?

Instantly generate the verified 2-page board memo, C-PACE financing schedule, and verbatim board resolutions for 1195 Ocean Pkwy.

Unlock Board Memo ($495)