Few big residential projects have been built without the break, known as 421a, which now costs the city $1.77 billion in lost tax revenue every year.
Developers Fight to Keep 421a Tax Break Amid N.Y.C. Housing Crisis
Affordable Housing Building (Construction) Condominiums Furman Center for Real Estate and Urban Policy New York City One57 (Manhattan, NY, Apartments) Property Taxes Real Estate (Commercial) Real Estate and Housing (Residential) Renting and Leasing (Real Estate) Tax Credits, Deductions and Exemptions Tishman Speyer Properties
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