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Local Law 97 · Building diligence

The Story House is below Local Law 97’s individual-building threshold.

Based on NYC public-records data, The Story House (36 EAST 22 STREET) is approximately 16,903 sq ft — below the 25,000 sq ft threshold at which Local Law 97 emissions limits apply to a building on its own.

On its own, a building this size faces no LL97 emissions limit. It is still covered if it shares a tax lot or a condominium board with other buildings totaling more than 50,000 sq ft; DOB’s covered-buildings list is the check.

Why this matters for buyers

For buyers underwriting an apartment in a smaller building like The Story House, the recorded floor area is one input to the coverage check. Confirm the building’s tax-lot and condominium scope and current DOB requirements before treating LL97 as absent from the capital plan. Floor area alone does not establish exemption, compliance costs or the absence of assessment exposure.

That said, buildings under 25k sq ft typically have other characteristics worth understanding — smaller reserves, fewer units to absorb major capital projects (boiler replacement, façade work, elevator modernization), and a concentrated impact when assessments do arrive. The editorial profile of The Story House covers the building-specific operational and financial dynamics in detail.

Underwriting a purchase at The Story House?

What does Local Law 97 mean for your unit?

Per-unit liability and how it hits your assessment and carrying cost — plus the rest of the diligence (reserves, board posture, recent sales) that LL97 alone doesn't cover.

Corey Cohen, Licensed Associate Real Estate Broker · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com