J-51 Tax Incentive Reintroduced: Deadlines, Compliance, and Implications for Landlords Update

The New York City Council has officially reintroduced the J-51 Tax Abatement Program after a two-year hiatus. This program, which previously expired in June 2022, offers significant tax abatements and exemptions for landlords who complete qualifying renovations on low-to-moderate-cost residential…