Does 345 Park Ave face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 345 Park Ave has a projected annual penalty of $3,744,678/year under Article 320 from 2024.

What is the statutory compliance pathway for 345 Park Ave (BBL 1013060001)?

345 Park Ave is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

Office BBL: 1013060001 Article 320 from 2024

345 Park Ave LP

345 Park Ave, Manhattan, NY 10154

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Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 345 Park Ave (Manhattan, BBL 1013060001) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 11.31 kgCO2e/sq ft against a 2030 statutory limit of 3.15 kgCO2e/sq ft, the property faces an estimated statutory penalty of $3,744,678 per year starting in 2030 (total 5-year cumulative exposure of $18,723,390) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

11.31 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

8.46 kg/sq ft

$1,307,792/yr

2030–2034 Annual Penalty

$3,744,678/year

$3,744,678/yr

5-Year Cumulative Exposure

$18,723,390

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

1,712,218 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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