Manhattan Developer Pays $4.7 Million in Tax Evasion Settlement

Attorney General Schneiderman found the developer was operating a building as an illegal hotel while receiving a 421-a property tax exemption. On February 26, 2015 New York State Attorney-General Eric Schneiderman announced reaching a settlement with 47 East 34th Street LP over illegally evading New York property taxes. The LP owns an apartment building at 47 East 34th Street in Manhattan which is exempt from property tax under the 421-a program, however the Attorney General’s … <Read More>



City Council Approves Tax Exemption to Preserve Affordable Housing

Dean Atlantic HDFC received property tax exemption for seven buildings.  On August 21, 2014, the City Council voted 47-0 to approve an Article XI property tax exemption on seven buildings owned by the Dean Atlantic Housing Development Finance Corporation.  The Department of Housing Preservation and Development requested the exemption from the City Council on Dean Atlantic’s behalf.  The buildings are all in Brooklyn Community Board 16, covering the Ocean Hill and Brownsville communities.  Six … <Read More>


Reminder: CLE Event: New York City Property Tax 2013-2014

THE NEW YORK CITY TAX COMMISSION, THE CENTER FOR NEW YORK CITY LAW,
& THE CENTER FOR REAL ESTATE STUDIES

presents

Property Tax CLE Header

WHEN
Thursday, January 23, 2014, from 2:00 p.m. to 5:00 p.m.

***

WHERE
New York Law School
185 West Broadway (between Worth and Leonard Streets)

***


Parking Facilities Ruled Exempt from Property Tax

Parking Lots associated with Greater Jamaica Development corporation challenged Finance’s withdrawal of tax exemption. Greater Jamaica Development Corporation and Jamaica First Parking, LLC, brought an article 78 petition against the Department of Finance and the New York City Tax Commission, challenging the City’s revocation of a charitable tax exemption for the public parking facilities they owned and operated. On appeal to the Appellate Division, Second Department, the court restored the tax exemption.


Reminder: Registration Still Open for the Sixth Annual Conference on Trends in NYC Land Use & Real Estate Development

CITY-Land-Use-CLE JPGSeminar Topics:

The Changing Face of Open Space: Legal Issues Associated with Open Space in New York City
Parking Garages, Lots and Off-Street Parking: Proposed New Manhattan Core Parking Rules
Accommodating Expansion of Undeveloped or Underused Urban Land

When: Thursday, April 25, from 1:45 to 6:00 p.m.
Where: 185 West Broadway (between Worth & Leonard Streets), Auditorium
Credit: 4 Professional Practice transitional & non-transitional CLE credits. Non-credit option also available.
Cost: $275 … <Read More>