421a


The Latest

Jay Martin, James Whelan and Joe Strasburg

Rent-pocalypse 2.0: Real estate industry reacts to tenant demands

UPDATED, Oct. 18, 2019, 6:27 p.m.: Real estate industry experts say the tenant coalition’s latest demands won’t solve the...

The issue came to light after some owners realized they were incorrectly billed in June (Credit: iStock)

“A big, big, big success,” NYC Finance Department says of new system that overcharged building owners on property tax

A new payment system introduced by New York City to streamline property tax payments has instead caused headaches for residents and building owners. The...

With the elimination of vacancy decontrol, landlords can't deregulate units in buildings receiving 421a until the tax break expires (Credit: iStock)

Collateral damage? Real estate sounds alarm on rent regs’ impact on condos, 421a

Changes to the rent regulation laws might’ve eventually driven some landlords to go condo or co-op. That is, if...

100 Riverside Boulevard is one property whose tax abatements are ending

With 421a ending, more condo owners are selling their apartments

The time is up for apartments that benefitted from 421a developer tax abatements, and condominium owners are running for...

Brooklyn developer overcharged tenants by more than $1M at new 421a building: lawsuit

Brooklyn developer overcharged tenants by more than $1M at new 421a building: lawsuit

Housing Rights Initiative is accusing a Brooklyn landlord of overcharging rent-stabilized tenants at a newly constructed 421a building in...

For developers who love the old 421a, stalled construction sites are ripe for the picking

For developers who love the old 421a, stalled construction sites are ripe for the picking

Four years ago, New York developers were on the verge of losing a privilege they had come to expect...

New York has lost more than 400K affordable apartments since 2005: comptroller’s report

New York has lost more than 400K affordable apartments since 2005: comptroller’s report

UPDATED, Sept. 27, 2018, 12:07 p.m.: Nearly 500,000 affordable apartments have vanished from New York City since 2005, according...

When 421a was in limbo, developers turned to this tax exemption

When 421a was in limbo, developers turned to this tax exemption

For roughly 16 months between January 2016 and April 2017, one of developers’ favorite tax exemptions wasn’t an option....

Sheldon Silver found guilty, again

Sheldon Silver found guilty, again

A jury found Sheldon Silver guilty for the second time on Friday, wrapping up the more than week-long re-trial of the former Assembly speaker on charges he was first convicted for in 2015. Silver,...

Almost tax-free Manhattan condos are quickly dwindling

Almost tax-free Manhattan condos are quickly dwindling

Buyers looking for luxury condominiums in the city can still swoop on multi-million dollar listings and pay almost no...

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