Park & Park LLP

Freedom to Your Property

When it comes to managing or investing in a commercial property located in New York City, NYC Department of Finance offers a range of benefits and tax abatement that can expand your options. Park & Park, LLP has successfully represented many building owners and commercial real estate investors in obtaining these tax abatement and benefits that reduce property taxes substantially over 15 years. Find out how you are eligible for these benefits as you plan your investment in NYC.

 

BSA/Zoning Changes

By filing an application with the Board of Standards and Appeals (BSA), your property may be eligible for relief from the existing zoning code and regulations.

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ICAP

Industrial & Commercial Abatement Program (ICAP) provides abatement for property taxes to eligible industrial and commercial buildings that are built or improved. ICAP replaced ICIP which ended in 2008.

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ICIP

If your property was eligible for Industrial Commercial Exemption Program (ICIP) benefits, you may still be eligible for renewal.

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*Contact us at 215-821-9892 to schedule an appointment