Five Principles for a New 421-a Property Tax Exemption
The Stoop (NYU Furman Center)
MARCH 28, 2024
Between 2010 and 2020, 68 percent of new multifamily buildings used various forms of a 421-a exemption , accounting for 116,000 of the 171,000 housing units completed in multifamily buildings that decade. A significant portion of New York City’s newly built housing has relied upon a 421-a exemption.
Let's personalize your content