Effect of New Green Energy Law

Depends on the building: My co-op (circa early 1970s) shows as being 4.7% over the 2030 target "Green House Gas Intensity", which doesn't seem insurmountable. One more thing for buyers to consider during due diligence.

https://council.nyc.gov/data/green/

How do I look up a specific building?

Map is apparently incomplete

Ah, ignore my previous comment. I found the map. Thank you!

My (inchoate) understanding is that a building can buy its way out, so instead of reducing consumption through hyper-expensive measures it can buy offsets by purchasing solar panels in the Hudson Valley or somesuch. I'm sure it will be an expense, but "cripple the market" seems like catastrophizing ahead of data, honestly.

ali r.
{upstairs realty}

I think a lot of the information is over sensationalized: look at DeBlasio's "We are going to ban glass skyscrapers" statement.

As far as certain fees "bankrupting" coops my experience is that this claim gets pulled more frequently than Lawyer Dagett in True Grit. In the last coop I was in they actually started a lawsuit over a legal bill claiming that paying it "would bankrupt the coop." Over the next decade they paid 3 substantially high bills - one of which was the judgement against it for that bill which they claimed would bankrupt it, at DOUBLE the amount they could have paid in the first place.

If the market is efficient, older buildings that require more upgrades suffer more. not everyone does their due diligence , studies the financials and requests board minutes

My building is 0.005/0.009. Is that in the penalty zone?