Does 83-33 118th St face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 83-33 118th St has a projected annual penalty of $34,095/year under Article 320 from 2026 (rent regulated).

What is the statutory compliance pathway for 83-33 118th St (BBL 4033220043)?

83-33 118th St is classified under Article 320 from 2026 (rent regulated) based on NYC Department of Buildings Covered Buildings List records.

Multifamily Housing BBL: 4033220043 Article 320 from 2026 (rent regulated)

83-33 118th St - 24562

83-33 118th St, Queens, NY 11415

Generate Official Board Memo ($495)

Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 83-33 118th St (Queens, BBL 4033220043) is subject to NYC Local Law 97 under Article 320 from 2026 (rent regulated). Based on a reported emissions intensity of 5.11 kgCO2e/sq ft against a 2030 statutory limit of 3.35 kgCO2e/sq ft, the property faces an estimated statutory penalty of $34,095 per year starting in 2030 (total 5-year cumulative exposure of $170,475) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

5.11 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

6.75 kg/sq ft

Compliant ($0)

2030–2034 Annual Penalty

$34,095/year

$34,095/yr

5-Year Cumulative Exposure

$170,475

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

72,147 sq ft

Dwelling / Commercial Units

86 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 83-33 118th St.

Unlock Board Memo ($495)