Rare Finds: NYC apartments with tax abatements from $750K

By CityRealty Staff | From Great Listings Tuesday, June 11, 2019

Toren via Compass

Would-be New York buyers planning to make a daunting down payment can find any number of articles with advice on achieving this goal. However, the down payment is just the beginning. Not only will there be mortgage payments, but real estate taxes and monthly maintenance (for co-ops) or common charges (for condos) must be factored into the equation...and can add up rather quickly.

This sounds scary, but it's not entirely hopeless. The city has several programs in place that can give homeowners a property tax reduction, which will in turn allow them to save hundreds of dollars a year. The following condos all over New York offer tax abatements on top of high-end finishes and luxurious amenities.

↓ Nfourth, 161 North 4th Street, #3B | $899,000

1 bed, 1 bath | 675 ft² | Tax abatement

All images of Nfourth via Douglas Elliman

Kitchen

Bedroom

Floor-to-ceiling windows fill this beautifully designed apartment with abundant sunlight at all hours of the day. The kitchen is outfitted with an oversized island, Caesarstone countertops, and stainless steel Bosch appliances. Additional features include high ceilings, hardwood flooring, spa-like bath, central air conditioning and heat, and in-unit washer/dryer. See floor plan and full details here.

Fabulous FiDi Condo

↓ Downtown Club, 20 West Street, #40A | $850,000

1 bed, 1 bath | Tax abatement until 2020

All images of Downtown Club via Redfin Real Estate

Kitchen

Bedroom

High-floor home's Hudson River views could not possibly be improved upon, but the rest of this apartment has been completely updated. Improvements include 10' ceilings, bamboo flooring, designer light fixtures, and gourmet kitchen with designer-grade stainless steel appliances. The bedroom is enhanced with custom-built frosted glass sliding doors, custom solar shades, generous closet space, and custom storage. See floor plan and full details here.

Turtle Bay Tranquility

↓ The Alexander, 250 East 49th Street, #7D | $1,450,000

2 beds, 2 baths | 995 ft² | 421a tax abatement until 2021

All images of The Alexander via Core

Kitchen

Bedroom

Curved floor-to-ceiling windows and 11'6" ceilings give this centrally located condo an airy atmosphere. The open kitchen comes outfitted with custom cabinetry, high-end appliances, and granite countertops. The master suite has a spa-like bath, the secondary bedroom has a private balcony, and both bedrooms have walk-in closets. See floor plan and full details here.

Roosevelt Island Rarity

↓ Riverwalk Landing, 425 Main Street, #3N | $1,425,000

2 beds, 2 baths | 1,108 ft² | 421a tax abatement until 2027

All images of Riverwalk Landing via Real Direct

Kitchen

Bedroom

Bright, beautiful apartment just minutes from Manhattan is filled with south and west views of the city skyline, East River, Queensboro Bridge, and a landscaped lawn. Interior features include custom closets, built-in bookshelves, marble windowsills, electric shades, and in-unit washer/dryer. The kitchen is outfitted with granite countertops and stainless steel appliances. See floor plan and full details here.

Lovely Long Island City Condo

↓ The View at East Coast, 46-30 Center Boulevard, #702 | $1,780,000

2 beds, 2 baths | 1,159 ft² | 421a tax abatement until 2027

All images of The View at East Coast via Modern Spaces

Kitchen

Private balcony

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Floor-to-ceiling windows in this condo look out on stunning skyline and East River views, and a private balcony is ideal for enjoying them. From here, a sliding door leads to a spacious living/dining area with high ceilings and northern exposure. The open kitchen features dark stone countertops, crisp white cabinetry, and state-of-the-art stainless steel appliances. See floor plan and full details here.

Clinton Hill Classic

↓ 963 Kent Avenue, #E2 | $750,000

2 beds, 1.5 baths | 859 ft² | 421a tax abatement until 2030

All images of 963 Kent Avenue via Corcoran

Kitchen

Bedroom

Beautifully laid out apartment in a prime Brooklyn neighborhood features an open kitchen, central air conditioning, and in-unit washer/dryer. Building amenities include a courtyard, generous storage room, and on-site gated parking. Popular local restaurants and nightlife are a short walk from the building. See floor plan and full details here.

East Harlem Excellence

↓ Leah, 435 East 117th Street, #PH6 | $769,000

1 bed, 1 bath | 806 ft² | Tax abatement until 2035

All images of Leah via Compass

Bedroom

Balcony

Gorgeous uptown apartment offers a choice between relaxing in the south-facing living room with floor-to-ceiling windows, on the private terrace, or on the private roof deck. The kitchen comes outfitted with granite counters and stainless steel appliances. The building is on a quiet street, but local museums, shopping, dining, and transportation are a short walk away. See floor plan and full details here.

Dream Duplex in Downtown Brooklyn

↓ Toren, 150 Myrtle Avenue, #PH3007 | $1,895,000

3 beds, 3 baths | 421-A tax abatement until 2035

All images of Toren via Compass

Kitchen

Bedroom

Impeccably designed corner penthouse is enhanced with open layout, double-height windows, southern exposures, spiral floating staircase, and sweeping river and bridge views. Building amenities include a state-of-the-art fitness center, yoga studio, pool, saunas, library, and roof terrace. The newly built CityPoint is across the street, and residents have easy access to multiple subway lines. See floor plan and full details here.

Harlem Haven

↓ 2280 FDB, 2280 Frederick Douglass Boulevard, #7D | $850,000

1 bed, 1 bath | 679 ft² | Tax abatement until 2035

All images of 2280 FDB via Compass

Kitchen

Bedroom

Stunning home in the heart of Harlem is filled with natural light from southern exposures. The chef's kitchen is well appointed with Caesarstone countertops, custom cabinetry, top-of-the-line appliances, and designer fixtures. The bedroom offers generous natural light and closet space, and the spa-inspired bath is outfitted with high-end fixtures. See floor plan and full details here.

Far West Side Fantasy

↓ Two Waterline Square, 400 West 61st Street, #20G | $1,875,000

1 bed, 2 baths | 852 ft² | 20-year 421a tax abatement

All images of Two Waterline Square via Corcoran

Kitchen

Bath

Spacious apartment in a highly anticipated, amenity-rich West Side development boasts soaring ceilings, floor-to-ceiling windows, and spectacular northern city views. The custom kitchen comes beautifully outfitted with Gaggenau appliances and Dornbacht fixtures. The baths feature beautiful stone and wood cabinetry. See floor plan and full details here.

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↓ Nfourth, 161 North 4th Street, #3B | $899,000

↓ Downtown Club, 20 West Street, #40A | $850,000

↓ The Alexander, 250 East 49th Street, #7D | $1,450,000

↓ Riverwalk Landing, 425 Main Street, #3N | $1,425,000

↓ The View at East Coast, 46-30 Center Boulevard, #702 | $1,780,000

Select which properties are of interest to you:

↓ 963 Kent Avenue, #E2 | $750,000

↓ Leah, 435 East 117th Street, #PH6 | $769,000

↓ Toren, 150 Myrtle Avenue, #PH3007 | $1,895,000

↓ 2280 FDB, 2280 Frederick Douglass Boulevard, #7D | $850,000

↓ Two Waterline Square, 400 West 61st Street, #20G | $1,875,000

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