How one unit helped Moinian be among the first to receive new 421a tax break Developer held off on filing at one unit for seven months, extending window for program
Sky at 605 West 42nd Street
The Moinian Group’s Sky development is among the first to qualify for the revamped 421a tax abatement, even though the developer was already mostly done with construction of the building.
The rental tower at 605 West 42nd Street was recently approved for a 35-year property tax break, Crain’s New York reported. In exchange, 295 apartments will be allotted for affordable housing.
Developers can apply for the tax break up to one year after the Department of B上海夜网论坛