Features
Boutique to mid-size new developments with units carrying a 421-A Tax Abatement
From Future New York
NYC Tax Savings: 10 brand-new condos with 421-A tax abatements
By CityRealty Staff
Friday, October 23, 2020
While the sticker price is the first thing that gets prospective New York City condo buyers' attention, it should not be the only thing. Real estate taxes can come as an unpleasant shock, but they are a monthly expense that must be considered along with everything else.
Thankfully, New York City has several programs in place to temporarily reduce the tax burden for years to come, which can lead to savings of thousands of dollars. Further details on the most common types can be found here.
Of the following buildings throughout the boroughs, it's hard to say what's more beautiful: the listings inside, or the tax abatements offered. We've highlighted our favorites below.
Thankfully, New York City has several programs in place to temporarily reduce the tax burden for years to come, which can lead to savings of thousands of dollars. Further details on the most common types can be found here.
Of the following buildings throughout the boroughs, it's hard to say what's more beautiful: the listings inside, or the tax abatements offered. We've highlighted our favorites below.
All images of Brooklyn Point via Extell
Brooklyn's tallest building is part of the City Point development, which is also home to the DeKalb Market food hall, tons of retail including a Target and a Century 21, and an outpost of Alamo Drafthouse. All units feature interiors by Katherine Newman Design, oversized windows, white oak wood floors, kitchens with integrated Miele appliances, and master baths with radiant floor heating. The rooftop infinity pool is the Western Hemisphere's highest in a residential building, and additional amenities include a fitness center, indoor pool and spa area, landscaped terrace, indoor/outdoor children's playroom, screening room, and chef's kitchen.
Brooklyn Point has 16 available listings from $899K - $2.767M.
All images of Spencer Street Apartments via MNS
Spencer Street Apartments marks its grand opening of apartments boasting exposed concrete ceilings, oversized windows, Nest themostats, in-unit washer/dryers, and kitchens with plentiful storage and high-end appliances. The building has a dedicated superintendent, a virtual doorman, a fitness center, and a furnished roof deck with grill. Its location on the cusp of Bedford-Stuyvesant, Clinton Hill, and Williamsburg makes for easy access to the best parks, dining, culture, and nightlife in all areas.
Spencer Street Apartments has 6 available listings from $600K - $950K.
All images of The Independent via MNS
The Independent was conceived as a rental but was upgraded in 2017. In any incarnation, residences feature minimalist aesthetics, industrial influences, open-plan living areas, and sleek kitchens. Residential amenities include a fitness center, a private courtyard with grill, a landscaped and furnished roof deck, and a lounge with large-screen TV and billiards table.
The Independent has 6 available listings from $460K - $985K.
All images of The Jackson via Elegran
The Jackson is in a prime location near the Gantry Park, Long Island City waterfront, and only two subway stops from Manhattan. Interiors feature loft-like windows, designer lighting fixtures, in-unit washer/dryer, and kitchens with custom Italian cabinetry and high-end appliances. Private garage parking is available for purchase.
The Jackson has 2 available listings from $1.15M - $1.425M.
NOVO's hideous exterior (CORE)
All images of Novo via Compass
Dining area and kitchen
Bedroom
Prime Park Slope condos boast flexible layout, private balcony, wide hardwood flooring, generous closet space, in-unit laundry, and oversized windows with eastern exposures and park views. Just off a foyer large enough to accommodate a dining table, the large kitchen is outfitted with stainless steel appliances. Full-service building offers doorstaff and concierge service, residents' lounge, children's playroom, fitness center, and easy access to transportation.
Novo has 6 available listings from $665K - $1.45M.
All images of Hero LIC via Nest Seekers
All units in Hero LIC were designed to make the most of their space and natural light. Features include oversized windows, open floor plans, generous closet space, kitchens with abundant cabinetry and high-end appliances, and pristine baths. The full-service building's 15,000 square feet of amenities include a state-of-the-art wellness center with yoga studio and veranda, a dining space, a package room, a bike room, a Zen garden, and a roof deck with grilling and lounging areas.
Hero LIC has 10 available listings from $650K - $1.275M.
Image via Douglas Elliman
All images of 540West via Compass
Kitchen
Sleeping area
Contemporary boutique condominiums in the heart of Hell's Kitchen feature abundant natural light, walls of closets in the entry foyer, high-end appliances, and floor-to-ceiling windows. The building has a private courtyard and two landscaped roof decks, and indoor amenities include fitness center, lounge, bike room, and pet spa.
540West has 7 available listings from $970K - $2.19M.
The Neighborly. Credit: New Empire Development
The Neighborly at 37-14 34th Street is a condominium complex under construction in Dutch Kills, a neighborhood in northeast Long Island City near the Astoria border. Two seven-story wings are connected by a single-story structure with a recreational roof deck. Other amenities include laundry, on-site parking, a bike room, and balconies in many units. All units feature gorgeous wide plank white oak floors, triple pane floor-to-ceiling windows with southern exposure, a central heating and cooling system, and a convenient in-unit washer/dryer.
The Neighborly has 4 available listings from $615K - $1.335M.
All images of The Bevy via Thanassi Karageorgiou, Nas Karas Studios / Modern Spaces
The Bevy is a 10-unit boutique condominium offering a shared roof deck, storage, parking, and private balconies in nearly every unit. The versatile interiors are crafted with modern lines and choice finishes, and highlighted by expansive floor-to-ceiling windows that envelop each apartment with an abundance of natural light. The thoughtfully crafted kitchens are outfitted with quartz countertop, glass backsplash and premium KitchenAid appliances.
The Bevy has 2 available listings from $410K - $728K.
Hello New York exterior (Compass)
All images of Hello New York via Rahme Real Estate
Bedroom
Private balcony
A private keyed elevator opens into the impressive living room of this sophisticated Brooklyn home. Features include functional chef's kitchen, Scandinavian-inspired bath, in-unit washer/dryer, and energy-efficient appliances and infrastructure. Triple-paned, floor-to-ceiling glass doors open onto a private balcony.
Hello New York has 1 available listing for $725K.
All images of Dutch LIC via Douglas Elliman
All residences at Dutch LIC boast generous living space, high ceilings, abundant natural light, in-unit washer/dryers tucked away in utility closets, and well-equipped open kitchens. Residential amenities at this doorman condominium include a state-of-the-art fitness center, landscaped roof terrace, private billiards and residents' lounge, bike room, and storage.
Dutch LIC has 3 available listings from $575K - $825K.
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