Does 545 7 AVENUE face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 545 7 AVENUE has a projected annual penalty of $662,665/year under Article 320 from 2024.

What is the statutory compliance pathway for 545 7 AVENUE (BBL 1008150001)?

545 7 AVENUE is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

Office BBL: 1008150001 Article 320 from 2024

1411 Broadway (545 7 AVENUE)

545 7 AVENUE, Manhattan, NY 10018

Generate Official Board Memo ($495)

Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 545 7 AVENUE (Manhattan, BBL 1008150001) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 4.99 kgCO2e/sq ft against a 2030 statutory limit of 2.72 kgCO2e/sq ft, the property faces an estimated statutory penalty of $662,665 per year starting in 2030 (total 5-year cumulative exposure of $3,313,325) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

4.99 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

8.46 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$662,665/year

$662,665/yr

5-Year Cumulative Exposure

$3,313,325

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

1,088,074 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 545 7 AVENUE.

Unlock Board Memo ($495)