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 "New York City Property Tax"

  • 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?

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  • New York Calling: Why Foreign Investors Are Looking Across the Atlantic By Zain Ul-Arifeen | June 09, 2016

    As global cities compete to attract foreign investment, New York City emerges as the most attractive destination in terms of stability, security, and profitability.

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  • It's Tax Season Again, Are You Getting Your Money's Worth? By Kamini Ramdeen | March 06, 2014

    It’s that time of year again folks. When we take all of those receipts that were piling up, sort through and hand 'em on over to our favorite accountant.

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  • Rental Relief: Cuomo Proposes Tax Breaks For NYC’s Largest Demographic By Tim Sheehan | January 21, 2014

    While New York City’s new mayor still has about 3 years and 11 months left on his term, current New York Governor, Andrew M. Cuomo, is up for re-election in November of this year. As part of his re-election campaign, Cuomo has proposed some $2 billion in tax cuts with housing playing a large role in relief. However, while tax reliefs are often given to homeowners, Cuomo has something different in mind—tax breaks for renters.

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  • Be Glad Manhattan Didn’t Host the Olympics By Andrea Garcia-Vargas | July 30, 2012

    A few years ago, New York City had a bid in hosting the 2012 U.S. Olympics. In fact, it was even shortlisted with 4 other cities (London, Madrid, Moscow, and Paris) and—except for Madrid—New York City was the only location that hadn’t hosted the Olympics before. Mayor Bloomberg and company went to great lengths to get the city in shape for Olympics-worthiness: he promised the creation of a West Side Stadium north of the High Line, which would have hosted Opening and Closing ceremonies as well as Track and Field events, an Olympic Village across the United Nations Headquarters that would have housed 5,000 athletes and coaches, and many other renovations and expansions.

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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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