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Trump is claiming a $45K tax break for a penthouse he won’t be living in
September 15, 2017 02:05PM
President Trump may not be living in his triplex penthouse at Trump Tower, but he’ll be saving nearly $45,000 by declaring it as his...
Paul Manafort appears to have illegally claimed condo abatement for Trump Tower pad: report
April 10, 2017 12:45PM
Paul Manafort, former campaign chair to President Donald Trump and a key figure in the FBI’s probe into Russian election interference, appears to be...
City Council to scrutinize $2.8B in developer tax breaks
September 22, 2016 08:02AM
The City Council is calling for greater oversight of $2.8 billion in tax breaks developers received last year. At a hearing on Thursday, the...
You break it, you buy it: NYC taxpayers will be footing the 421a bill for decades
September 14, 2016 05:40PM
Property tax breaks under the 421a program will cut into the New York’s tax revenue until 2044, according to a report by the city’s...
How NYC accidentally gave away $10M in tax breaks: VIDEO
February 03, 2016 05:55PM
A recent audit by city Comptroller Scott Stringer showed that over the course of four years, the city’s Finance Department improperly allocated more than $10 million in tax breaks...
Tenants at 50 Murray mull taking on Bistricer over 421g
January 14, 2016 04:30PM
On Tuesday evening, a group of tenants at David Bistricer’s 50 Murray Street gathered on the 19th floor of the Tribeca high-rise to discuss an...
421g tax break battle heats up in NY courts
January 11, 2016 05:05PM
Are well-heeled New Yorkers paying up to $8,000 a month eligible for rent-stabilization? That’s the question at the heart of the current battle over...
The taxes on this $3.6M Brooklyn loft are just $24 — here’s why
August 21, 2015 12:50PM
Benjamin Franklin said only death and tax are certain in this world, but he didn’t specify just how high (or low) that tax bill...
NYU’s Furman Center floats new tax abatement for affordable housing
June 11, 2015 06:00PM
New York University’s Furman Center for Real Estate and Urban Policy has suggested exploring the creation of a new tax abatement program meant to...
Half of New Yorkers on brink of missing homeowner tax break
December 09, 2013 04:04PM
New York City homeowners this year are largely failing to claim a tax break that has existed for 15 years, thanks to a new...
Moreland Commission says corruption is rampant in Albany
December 03, 2013 09:52AM
A panel appointed by Governor Andrew Cuomo to investigate corruption at the state level said in a report issued Monday that it had found...
New bill would compel steep disclosures on developments that get tax breaks
October 17, 2013 03:00PM
With the city still smarting from the revelation that five developers received tax breaks to build in sought-after neighborhoods under a program for underdeveloped...
Chelsea tenants OK’d to proceed in rent hike class action
September 11, 2013 06:14PM
Tenants of London Terrace Gardens, a 921-unit rental building in Chelsea, can proceed with a lawsuit alleging illegal rent hikes related to a tax...
Extell, Silverstein, Thor hit with subpeonas over tax breaks
August 07, 2013 08:30AM
Three of New York City’s biggest developers have been slapped with subpoenas from a state corruption panel investigating huge tax breaks that they received...
Trusts once again eligible for co-op and condo tax abatement
July 30, 2013 08:30AM
The state’s popular co-op and condominium tax abatement — which in March was revoked for homeowners who own their apartments through LLCs or trusts...
Buyers at Extell’s One57 set to receive a 94% tax break
July 12, 2013 12:30PM
At Extell Development’s white-glove One57 condominium development — where asking prices have reached an astronomical $10,500 per square foot — buyers are set to...
New law does away with co-op, condo tax abatements for LLCs, trusts
March 26, 2013 09:00AM
The state’s popular co-op and condo tax abatement will no longer be available to homeowners who own their apartments through LLCs or trusts, effectively...
NYC incorrectly notifies homeowners of tax breaks
March 11, 2013 03:30PM
The city sent thousands of co-op and condo owners letters that wrongly stated that they were no longer eligible for a popular tax break,...
Turtle Bay tenants, alleging illegal deregulation, granted class action status
August 07, 2012 03:30PM
A New York State Supreme Court judge on Monday granted class action status to a suit by tenants who claim that their landlord illegally...
Despite Bloomberg’s efforts, property tax abatement renewal is likely
June 19, 2012 04:30PM
Mayor Michael Bloomberg’s efforts to revise the long-standing tax abatement afforded to condominium and co-op owners in the city is meeting fierce resistance in...
Home Depot buys Bronx retail location from Madison International Realty for $40M
Keller Williams Midtown CEO forced out: sources
Sitex continues buying spree with $36M industrial buy in Queens
Rabsky sells Williamsburg apartment building to UDR for $130M
Lichtenstein on Amazon pullout: “Worst day for NYC since 9-11”
February 2019 issue
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