Elegran Edge
The Real Estate Blog

What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.

Articles about "421-a"

  • New York City Cracks Down on Illegal Home Conversions By David Dam | May 31, 2017

    The Department of Buildings is cracking down on dangerous and illegal residential conversion.

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  • NYC Building Approval Numbers Skyrocket By Kristina Kennedy-Aguero | May 25, 2017

    Construction is on the rise in the wake of Affordable New York, how will this impact the city?

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  • Affordable New York: 421-a’s Replacement By David Dam | April 13, 2017

    421-a has been given new life and a new name - what does the program look like now?

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  • New 421-a bill would reform how area median income is calculated By David Dam | March 06, 2017

    New legislation could change how an area's median income is calculated, which affects affordability and certain construction projects alike.

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  • Constructing a Newer 421-a By David Dam | December 06, 2016

    What is the future of New York's controversial 421-a tax rebate program, and how will it impact the city?

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  • 421-a: An Obituary By David Dam | October 11, 2016

    The 421-a tax rebate program has helped spur construction of housing units citywide for decades, generating criticism in the same amount of time. With its expiration 10 months ago, what has been its effects?

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  • Christine Quinn’s Housing Policy Draws Ire from Bill De Blasio By Aby Thomas | March 12, 2013

    On Sunday, New York City Council Speaker Christine Quinn officially announced her bid to become the city’s next mayor, heralding the start of a campaign, which, if successful, will have Quinn become the first female and the first openly gay mayor of the City of New York.

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  • 421a is a Property Tax Exemption With an Aftertaste By Justin Spees | November 17, 2011

    The New York Times ran a story on Friday about an obscure property tax exemption called 421a, a property tax exemption that was signed into law as an incentive for developers to build on unused or underused land. The program provides temporary tax exemptions for New York City condominiums that are built in locations the city wants to see developed. Buildings that meet these criteria are virtually tax-free for a while, creating additionally desirable conditions for prospective condo owners in Manhattan.

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