Tuesday 4 June 2019

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 the door. Owners of Manhattan condos with those property-tax breaks are now trying to get rid of their pricey pads since those benefits will expire soon, a new survey found. In January 2016, 421a stalled out and, in April 2017, was replaced with a whole new program, Affordable New York. StreetEasy took a look at five […]



source https://therealdeal.com/2019/06/04/with-421a-ending-more-condo-owners-are-selling-their-apartments/

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