Does 56 Beaver St. (Alt: 48 Beaver St.) face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 56 Beaver St. (Alt: 48 Beaver St.) has a projected annual penalty of $41,681/year under Article 320 from 2024.

What is the statutory compliance pathway for 56 Beaver St. (Alt: 48 Beaver St.) (BBL 1000297501)?

56 Beaver St. (Alt: 48 Beaver St.) is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

Multifamily Housing BBL: 1000297501 Article 320 from 2024

56 Beaver St.

56 Beaver St. (Alt: 48 Beaver St.), Manhattan, NY 10004

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Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 56 Beaver St. (Alt: 48 Beaver St.) (Manhattan, BBL 1000297501) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 5.86 kgCO2e/sq ft against a 2030 statutory limit of 3.48 kgCO2e/sq ft, the property faces an estimated statutory penalty of $41,681 per year starting in 2030 (total 5-year cumulative exposure of $208,405) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

5.86 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

7.74 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$41,681/year

$41,681/yr

5-Year Cumulative Exposure

$208,405

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

65,396 sq ft

Dwelling / Commercial Units

39 units

Governing Compliance Pathway

Article 320 from 2024

Statutory Excess Rate

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

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