condominiums

Report last updated December 8, 2006

This report highlights 54 condo buildings - built in the last few years or currently under construction - that would still be eligible for 421-a tax relief, even if they would have been built after the reforms proposed by the Speaker and the Mayor. These buildings contain more than 6,100 high-priced condominiums, far beyond the reach of average New Yorkers.

Even with the proposed reforms, New York City will be providing substantial tax subsidies to luxury developers and building owners who do no provide affordable housing, and who pay substandard wages.