Co-op owners at 41-15 44th St. in Sunnyside, Queens, were able to complete $600,000 in renovations and receive a $190,628 tax abatement through the J-51 R program, which will save them money on maintenance and potentially be used for future capital projects. (Print: J-51: An Unexpected Silver Lining in Sunnyside)
HABITAT
“J-51” returned 4 articles
Back to Archive-
ArticleTopicsColumn TypeIssue
-
New J-51 R Tax Incentive Spurs Renovation Projects in Sunnyside Co-op
-
New J-51 Tax Abatement Program Helps Co-ops and Condos with Renovations
New legislation by the City Council will allow hundreds of co-ops and condos to apply for tax breaks for major building renovations, including roof repairs, energy efficiency retrofits, and electrification projects. (Print: J-51 Is Reborn — But Not For Everyone)
-
J-51 Eligibility Expanded
J-51 eligibility was expanded in late 2017 based on assessed values.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!