What’s wrong with J-51? Plenty, landlord reps say

Developers usually flock to tax breaks. But there’s one program in New York that’s seeing increasingly less interest from the real estate community. In the past 10 years, applications for J-51 dropped 69 percent, according to data collected by the city’s Department of Housing Preservation and Development. Within the past five years, the volume declined 37 percent and 23 percent between the last full fiscal year, 2018, and 2017. Back in 2004, the city received

source https://therealdeal.com/2019/10/22/whats-wrong-with-j-51-plenty-landlord-reps-say/