Tax Incentives

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 NYC properties have saved hundreds of millions of dollars by utilizing our team’s tax consulting services to maximize their 421-A, J-51, ICIP/ICAP, and MCI incentives.

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:


Partial Real Estate Tax Exemption Benefits Program which benefits
primarily newly constructed buildings containing four or more
dwelling units.



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.



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.



Major Capital Improvement Rent Increase Program which allows land-
lords to recoup the cost of building-wide capital improvement

Why us?

In the rapidly changing real estate markets, developing and following through with the right tax incentives strategy is instrumental in cutting operating expenses. This can translate into securing better financing deals and create more attractive marketing conditions for any given property. Jack Jaffa & Associates is dedicated to helping our clients obtain maximum incentive benefits in the shortest possible time. Let us structure a strategy best suited to maximize your building’s potential.

Select Projects

324 Pleasant Ave – Bronx   •   433 East 115th Street – Manhattan   •   The Millennium, 63–38 99th Street Queens The Venetian, 447 Avenue P – Brooklyn   •   146th Beach 9th – Queens 2280 Frederick Douglas Boulevard – Manhattan   •   The Clermont, 150 Clermont Avenue – Brooklyn Strivers West 2601 Francis Douglas Boulevard – Manhattan   •   The Douglass, 2110 Francis Douglas Boulevard – Manhattan Garvey Apartments, 1600 Fulton Street – Brooklyn   •   The Bradford, 1560 Fulton Street – Brooklyn 2908 Emmons Ave – Brooklyn   •   155 Bay Street – Staten Island  •   2903 Valentine Ave – Bronx 31-35 31st Street – Queens   •   254 Front Street – Manhattan   •   89-14 Parsons Blvd – Queens 620 West 143rd Street – Manhattan   •   1600 Fulton Street – Brooklyn   •   1635 Lexington Ave – Manhattan 467 Keap Street – Brooklyn