HPD suspends 421a for more than 1,700 properties. Here’s who got hit the hardest

Officials temporarily halted a tax break for more than 1,700 property owners, including every single owner at the luxury condominium tower at 56 Leonard Street. The Department of Housing Preservation announced on Friday that 1,788 properties didn’t comply with the requirements of 421a by failing to file a final certificate of eligibility. The property owners, along with more than 3,000 others, were warned in December 2016 that they’d lose the tax break if they didn’t […]

Source: Real Estate

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