10/14/2026
Local Law 97 isn’t coming — it’s here. And the fines are real.
NYC’s landmark carbon emissions law now covers most co-ops and condos over 25,000 square feet. Buildings that exceed their carbon cap face $268 per metric ton of CO2 over the limit — every single year. And the 2030 thresholds are even stricter.
What boards need to know right now:
Your fine exposure is calculated annually — every year you’re over the cap, you pay.
Boiler conversions, window retrofits, and energy upgrades take 2–3 years to plan and execute.
The time to act is now, not the year the tighter caps kick in.
All Area Realty Services helps boards across 90 NYC buildings understand their LL97 exposure and coordinate the right vendors and energy audits to get ahead of it.
Don’t wait until the fines arrive. Reach us at aarsny.com.