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ICAP Tax Abatement NYC

Empire Consulting provides best guidance and ideas to builders to reduce property tax.

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ICAP Tax Abatement NYC

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  1. Empire Consulting Service

  2. J-51 Tax Abatement NYC The J-51 Tax Incentive program is an as-of-right tax exemption and abatement for residential rehabilitation or conversion to multi-family housing. Eligible projects for this program include: HPD- or privately-financed moderate and gut rehabilitation, privately-financed and governmentally-assisted major capital improvements to multiple dwellings, and conversions of lofts and other non-residential buildings into multiple dwellings.

  3. NYC Tax Abatement 421A The 421a tax exemption program was started in 1971 and encourages the development of underutilized or unused land by drastically reducing property taxes for a set amount of time. Thousands of Manhattan condos were built under this program prior to the 2008 housing crash.

  4. ICAP Tax Abatement NYC For owners of nonresidential buildings, the Industrial Commercial Abatement Program (ICAP) is available . Provided there is an increase in the real estate taxes of at least 15%, ICAP may provide a substantial tax savings where a building is altered or constructed in the City of New York.

  5. Contact Us 39 Washington Ave Spring Valley, NY 10977 Email: msoifer@empireconsultingservice.com Call Us: 1-845-354-6298

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