
markroussel.com
Mark Roussel PhotographyA historic increase in New York City’s new building permits, particularly in Manhattan, Brooklyn, and Queens, has created a boom in the city that has not been seen since the early 1960’s. The sudden urgently in the past few years to start breaking ground is partially due to a 421 tax abatement program designed to expire on June 15th 2016. Under this program, in exchange for providing some affordable housing, property owners could potentially waive property taxes on these properties for periods of 10-25 year
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