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Developer Sam Charney Dissects New York's 421a Extension and New Tax Break on the Block 485x

Developer Sam Charney Dissects New York's 421a Extension and New Tax Break on the Block 485x

Released Monday, 20th May 2024
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Developer Sam Charney Dissects New York's 421a Extension and New Tax Break on the Block 485x

Developer Sam Charney Dissects New York's 421a Extension and New Tax Break on the Block 485x

Developer Sam Charney Dissects New York's 421a Extension and New Tax Break on the Block 485x

Developer Sam Charney Dissects New York's 421a Extension and New Tax Break on the Block 485x

Monday, 20th May 2024
Good episode? Give it some love!
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Last month, Gov. Kathy Hochul passed a bombshell housing deal that extended the 421a tax abatement and introduced a new tax break for apartment projects: 485x. Developer Sam Charney of Charney Companies talks the profit potential of 485x compared to 421a, demand for sites eligible for the extension and when rental construction will ramp back up.

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