Does 560 Riverside Drive face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 560 Riverside Drive has a projected annual penalty of $832,765/year under Article 320 from 2024.

What is the statutory compliance pathway for 560 Riverside Drive (BBL 1019950063)?

560 Riverside Drive is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

Multifamily Housing BBL: 1019950063 Article 320 from 2024

560 Riverside Drive

560 Riverside Drive, Manhattan, NY 10027

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Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 560 Riverside Drive (Manhattan, BBL 1019950063) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 12.51 kgCO2e/sq ft against a 2030 statutory limit of 3.35 kgCO2e/sq ft, the property faces an estimated statutory penalty of $832,765 per year starting in 2030 (total 5-year cumulative exposure of $4,163,825) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

12.51 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

6.75 kg/sq ft

$523,468/yr

2030–2034 Annual Penalty

$832,765/year

$832,765/yr

5-Year Cumulative Exposure

$4,163,825

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

339,104 sq ft

Dwelling / Commercial Units

320 units

Governing Compliance Pathway

Article 320 from 2024

Statutory Excess Rate

$268 per metric ton excess CO2e (§ 28-320.6)

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