Does 848 Washington Street face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 848 Washington Street has a projected annual penalty of $692,951/year under Article 320 from 2024.

What is the statutory compliance pathway for 848 Washington Street (BBL 1006450011)?

848 Washington Street is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

Hotel BBL: 1006450011 Article 320 from 2024

Standard Hotel

848 Washington Street, Manhattan, NY 10014

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Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 848 Washington Street (Manhattan, BBL 1006450011) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 15.64 kgCO2e/sq ft against a 2030 statutory limit of 3.85 kgCO2e/sq ft, the property faces an estimated statutory penalty of $692,951 per year starting in 2030 (total 5-year cumulative exposure of $3,464,755) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

15.64 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

9.87 kg/sq ft

$339,148/yr

2030–2034 Annual Penalty

$692,951/year

$692,951/yr

5-Year Cumulative Exposure

$3,464,755

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

219,320 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)

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