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Tax Incentives Services
Favorable economic conditions and generous tax incentive
programs provide New York City real estate investors with
extraordinary investment opportunities rarely, if ever, available
elsewhere. These programs play a significant role in fueling
the City’s engine of growth through myriad new construction,
redevelopment and renovation projects throughout the City. |
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Since 1979, Jack Jaffa & Associates’ distinguished team of seasoned professionals (formerly known as Ben Rottenstein & Associates) has been enabling New York City developers to maximize tax incentive values for virtually every type of new construction, preservation or major capital improvement project from luxurious high-rise condominiums to affordable housing projects, from commercial and manufacturing facilities to single family residences. Over the course of three decades - owners of such properties have saved hundreds of millions of dollars by utilizing the team’s tax consulting services.
As a result of many years of experience in this field, we’ve solidified our leadership position due to our diligent collaborative relations with HPD, DHCR and the Department of Finance. Identifying, analyzing, facilitating and securing benefits available through these agencies have become our forte, thus allowing us to specialize in a portfolio of government incentive program offers such as:
- 421-A - Partial Real Estate Tax Exemption Benefits Program which benefits primarily newly constructed buildings containing four (4) or more dwelling units.
- J-51 - Tax Exemption Benefits Program which provides tax advantages for rehabilitating or performing major capital improvements in residential properties or provides benefits for properties converting from commercial to residential status.
- ICIP/ICAP - Industrial and Commercial Incentives/Abatement Program which benefits newly constructed or modernized commercial or industrial properties. It is absolutely vital that applications for such programs be filed prior to obtaining any permits.
- MCI – Major Capital Improvement Rent Increase Program which allows landlords to recoup the cost of building-wide capital improvement expenditures.
We feel proud of such accomplishments and we strongly believe that they are worthy of replication. In order to support the broadening of such ventures, we seek to do our part in helping to generate affordable housing for the City’s residents as well as producing cost effective solutions for property owners by providing tax abatement and exemption benefits. We are cognizant of the fact that our clients will use these benefits as primary vehicles for cutting operating expenses thus increasing the availability of capital, ensuring better financing deals for their construction projects and creating more attractive marketing conditions crucial for selling their properties.
We are proud to have assembled the finest team of professionals with diverse educational and work experience backgrounds, a team which excels in delivering the best possible results in the shortest possible time. Please feel free to contact us with any questions regarding your ongoing or future projects, we will be glad to address all your concerns and advise you of programs which can benefit you the most.
See the Staff Listing and Contact Information.
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Violations Services
