City crafting overhaul of landlord tax break

Landlords are finally getting some love from the de Blasio administration. The city is preparing a proposal to overhaul a tax break program, in part to make it more appealing to owners of apartment buildings. Department of Housing Preservation and Development Commissioner Louise Carroll said the J-51 tax break needs to be “right sized” because the incentive hasn’t kept up with the market. “We’re looking at the program wholistically, both as to what would be

source https://therealdeal.com/2019/10/02/city-crafting-overhaul-of-landlord-tax-break/