Brooklyn residential developers mourn 421a

From left: Martin Nussbaum, Ofer Cohen and David von Spreckelsen

From left: Martin Nussbaum, Ofer Cohen and David von Spreckelsen

UPDATED, June 16, 7:24 p.m.: Brooklyn rental projects that did not yet secure a 421a tax abatement are stranded in a precarious position, but condo projects will be only marginally affected.

That was the consensus Tuesday among some of Brooklyn’s biggest residential players in the wake of the New York State legislature’s failure to renew the 421a tax abatement. (more…)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s