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Developer Sam Charney Dissects New York's 421a Extension and New Tax Break on the Block 485x
Manage episode 419174620 series 3518464
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Last month, Gov. Kathy Hochul passed a bombshell housing deal that extended the 421a tax abatement and introduced a new tax break for apartment projects: 485x. Developer Sam Charney of Charney Companies talks the profit potential of 485x compared to 421a, demand for sites eligible for the extension and when rental construction will ramp back up.
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