Garment District landlords GFP Real Estate and Morton Frucht are the first to apply for tax incentives the city is offering to retain fashion-industry manufacturing jobs in the neighborhood. GFP Real Estate, controlled by the Gural family, is seeking a tax abatement valued at roughly $17 million over the 15-year term of the agreement for a pair of buildings the company owns off of Eighth Avenue. And Frucht stands to receive approximately $4.24 million in […]
source https://therealdeal.com/2018/09/07/property-owners-line-up-for-garment-district-tax-break/
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