What is a 421a tax abatement - a podcast by Vince Rocco

When the 421a tax abatement expired in January 2016, the city’s investment-sales market had just wrapped up a banner year: $77 billion worth of commercial property traded hands – nearly 24 percent higher than the last market peak in 2007.
Sure, buyers were upset that the price of land was getting out of hand and it was harder to make multifamily projects pencil out, but the city’s uber-luxury condo market – while showing cracks – hadn’t yet become unglued, and the rental market was still on the cusp of recognizing a glut of new supply. We will talk about this!

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