Does 1 Richmond Terrace face NYC Local Law 97 penalties in 2030?

Under 2030 statutory caps, 1 Richmond Terrace has a projected annual penalty of $701,139/year under Article 320 from 2024.

What is the statutory compliance pathway for 1 Richmond Terrace (BBL 5000020001)?

1 Richmond Terrace is classified under Article 320 from 2024 based on NYC Department of Buildings Covered Buildings List records.

Transportation Terminal/Station BBL: 5000020001 Article 320 from 2024

DOT_3522_St. George Ferry Terminal

1 Richmond Terrace, Staten Island, NY 10301

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Statutory Compliance Finding & Executive Summary

According to official NYC DOB records and Local Law 84 benchmarking, 1 Richmond Terrace (Staten Island, BBL 5000020001) is subject to NYC Local Law 97 under Article 320 from 2024. Based on a reported emissions intensity of 18.13 kgCO2e/sq ft against a 2030 statutory limit of 0.57 kgCO2e/sq ft, the property faces an estimated statutory penalty of $701,139 per year starting in 2030 (total 5-year cumulative exposure of $3,505,695) unless decarbonization retrofits or a Good Faith Effort penalty pause under 1 RCNY § 103-14(i) are implemented.

Reported Carbon Intensity

18.13 kgCO2e/sq ft

LL84 Benchmarking CY2024

2024–2029 Cap & Status

4.26 kg/sq ft

$553,857/yr

2030–2034 Annual Penalty

$701,139/year

$701,139/yr

5-Year Cumulative Exposure

$3,505,695

2030–2034 statutory liability

Property Benchmarking & Compliance Ledger

NYC Admin Code § 28-320

Gross Floor Area (GFA)

149,000 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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