Does 1 PARK AVENUE face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 1 PARK AVENUE has a projected annual penalty of $876,863/year under Article 320 from 2024.

What is the statutory compliance pathway for 1 PARK AVENUE (BBL 1008887503)?

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

Medical Office BBL: 1008887503 Article 320 from 2024

One Park Avenue

1 PARK AVENUE, Manhattan, NY 10016

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Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 1 PARK AVENUE (Manhattan, BBL 1008887503) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 6.99 kgCO2e/sq ft against a 2030 statutory limit of 2.89 kgCO2e/sq ft, the property faces an estimated statutory penalty of $876,863 per year starting in 2030 (total 5-year cumulative exposure of $4,384,315) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

6.99 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

9.99 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$876,863/year

$876,863/yr

5-Year Cumulative Exposure

$4,384,315

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

797,582 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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