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.

    Read More
  • 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?

    Read More
  • 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?

    Read More
  • NYC Construction 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.

    Read More
  • construction 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?

    Read More
  • Construction 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?

    Read More
  • 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.

    Read More
  • 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.

    Read More

Blog Archive


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on Elegran.com. All data displayed on Elegran.com is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.