Does 47-25 40th Street face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 47-25 40th Street has a projected annual penalty of $13,679/year under Article 320 from 2026 (rent regulated).

What is the statutory compliance pathway for 47-25 40th Street (BBL 4001980019)?

47-25 40th Street is classified under Article 320 from 2026 (rent regulated) based on NYC Department of Buildings Covered Buildings List records.

Multifamily Housing BBL: 4001980019 Article 320 from 2026 (rent regulated)

47-25 40th Street

47-25 40th Street, Queens, NY 11104

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Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 47-25 40th Street (Queens, BBL 4001980019) is subject to NYC Local Law 97 under Article 320 from 2026 (rent regulated). Based on a reported emissions intensity of 4.41 kgCO2e/sq ft against a 2030 statutory limit of 3.35 kgCO2e/sq ft, the property faces an estimated statutory penalty of $13,679 per year starting in 2030 (total 5-year cumulative exposure of $68,395) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

4.41 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

6.75 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$13,679/year

$13,679/yr

5-Year Cumulative Exposure

$68,395

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

48,000 sq ft

Dwelling / Commercial Units

54 units

Governing Compliance Pathway

Article 320 from 2026 (rent regulated)

Statutory Excess Rate

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

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