421a

The Latest

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

by Georgia Kromrei | October 18, 2019 07:00AM

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

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

July 17, 2019 11:15AM

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

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

by Kathryn Brenzel | June 14, 2019 09:30AM

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

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

June 04, 2019 05:15PM

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

by Rich Bockmann | April 25, 2019 04:45PM

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

by Kathryn Brenzel and Will Parker | March 27, 2019 07:00AM

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

by Eddie Small | September 25, 2018 02:30PM

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

by Will Parker | May 14, 2018 02:00PM

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

May 11, 2018 06:10PM

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

April 26, 2018 11:15AM

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