Brief
NYC’s Conversion Break Producing Far More Units Than New-Construction Sweetener
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incent
Summary
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in order for […]
Source
- Commercial Observercommercialobserver.com
