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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