Does 47-20 42nd Street face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 47-20 42nd Street has a projected annual penalty of $12,927/year under Article 320 from 2026 (rent regulated).

What is the statutory compliance pathway for 47-20 42nd Street (BBL 4001960032)?

47-20 42nd Street is classified under Article 320 from 2026 (rent regulated) based on NYC Department of Buildings Covered Buildings List records.

Multifamily Housing BBL: 4001960032 Article 320 from 2026 (rent regulated)

47-20 42nd Street

47-20 42nd Street, Queens, NY 11104

Generate Official Board Memo ($495)

Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 47-20 42nd Street (Queens, BBL 4001960032) is subject to NYC Local Law 97 under Article 320 from 2026 (rent regulated). Based on a reported emissions intensity of 4.09 kgCO2e/sq ft against a 2030 statutory limit of 3.35 kgCO2e/sq ft, the property faces an estimated statutory penalty of $12,927 per year starting in 2030 (total 5-year cumulative exposure of $64,635) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

4.09 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

6.75 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$12,927/year

$12,927/yr

5-Year Cumulative Exposure

$64,635

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

64,890 sq ft

Dwelling / Commercial Units

59 units

Governing Compliance Pathway

Article 320 from 2026 (rent regulated)

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 47-20 42nd Street.

Unlock Board Memo ($495)