Does 1 Pace Plaza face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 1 Pace Plaza has a projected annual penalty of $580,274/year under Article 320 from 2024.

What is the statutory compliance pathway for 1 Pace Plaza (BBL 1001020001)?

1 Pace Plaza is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

College/University BBL: 1001020001 Article 320 from 2024

1 Pace Plaza

1 Pace Plaza, Manhattan, NY 10038

Generate Official Board Memo ($495)

Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 1 Pace Plaza (Manhattan, BBL 1001020001) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 6.21 kgCO2e/sq ft against a 2030 statutory limit of 2.10 kgCO2e/sq ft, the property faces an estimated statutory penalty of $580,274 per year starting in 2030 (total 5-year cumulative exposure of $2,901,370) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

6.21 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

9.87 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$580,274/year

$580,274/yr

5-Year Cumulative Exposure

$2,901,370

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

526,781 sq ft

Dwelling / Commercial Units

0 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 1 Pace Plaza.

Unlock Board Memo ($495)