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From left: Mayor Eric Adams, Governor Kathy Hochul, and Assemblymember Edward Braunstein (Getty Images, Assembly District 26, iStock/Photo Illustration by Steven Dilakian for The Real Deal)

Say goodbye to another property tax break

While the industry fretted over 421a and good cause eviction in the final months of the legislative session, state lawmakers quietly let another real estate measure expire. The decades-old tax exemption program J-51, which...

Say goodbye to another property tax break
“Good cause” crowd attacks homeownership plan

“Good cause” crowd attacks homeownership plan

It’s New York real estate’s Catch-22: Ignore poor neighborhoods and be blamed for disinvestment, or invest in them and...

“Good cause” crowd attacks homeownership plan
Flushing investor buys Mormon church site for $27M

Flushing investor buys Mormon church site for $27M

A Flushing-based investor just paid $27 million for a two-story building owned by the Mormon church — a site...

Flushing investor buys Mormon church site for $27M

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