Cookie/Privacy Notice

NYC Real Estate Tax and Incentives


Practice Group Leader: YuhTyng Patka


The NYC Real Estate Tax and Incentives Practice Group advises NYC real estate owners, developers, and lenders on different methods to maximize the return on their investment by way of minimizing real estate taxes and identifying the project’s eligibility for various real estate tax, zoning, and other benefits administered by various governmental agencies.

Key aspects of the practice include the following:

  • Affordable New York (421-a)

  • Voluntary and Mandatory Inclusionary Housing

  • Industrial & Commercial Abatement Program (ICAP)

  • Tax Certiorari

  • Payment In Lieu of Tax (PILOT) Agreements

  • Food Retail Expansion to Support Health (FRESH)

  • Not-for-profit real estate tax exemptions

The group regularly works with the following governmental agencies:

  • NYC Department of Finance

  • NYC Department of Housing Preservation and Development

  • NYC Economic Development Corporation

  • New York State Division of Housing and Community Renewal

  • New York State Attorney General’s Office

The Firm is one of the few in New York City with the ability to advise its real estate tax and incentives clients alongside other practice groups of significant concern to the client, such as our Land Use and Opportunity Zone Practice Groups.  Working together, the Firm can help a client chart a project plan that maximizes the project’s value while minimizing real estate tax and other costs.

Additionally, we focus on connecting our clients with other real estate players to help our clients grow their businesses, which is a core mission of the Firm and a unique value add platform that we offer to clients.

Neither the content on this web site nor any transmissions between you and Duval & Stachenfeld LLP through this web site are intended to provide legal or other advice or to create an attorney-client relationship.In communicating with us through this web site, you should not provide any confidential information to us concerning any potential or actual legal matter you may have. Before providing any such information to us, you must obtain approval to do so from one of our lawyers.

By clicking "ACCEPT" below (and thereby choosing to communicate with us without such prior approval), you understand and agree that Duval & Stachenfeld LLP will have no duty to keep confidential any information you provide.

Accept