The Road to Tax Exemptions

Navigating the Latest Changes in NYC Real Estate: 421A Extension, 485X, and 467M Explained

Join us for an in-depth discussion on the latest statutes impacting NYC real estate development, including the 421-a extension, the new 485-x real estate tax exemption, and the new 467-m office-to-residential conversions tax exemption. Jason Hershlowitz and Alvin Schein of Seiden & Schein, P.C. explain the eligibility criteria, key changes, and implications for developers, including affordable housing requirements, construction wage standards, and more.

0:00 The Road to Tax Exemptions
00:04 Introduction and Overview of Housing Challenges
00:27 New Housing Statutes
02:17  Details on the 421-a(16) Extension
13:20 The New 485X Real Estate Tax Exemption
19:34 467-m Office to Residential
27:56 Inclusionary Housing

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