421A Tax Abatement Approved!
Residence
Baths
Price
INT/EXT SQFT
Exposure
Monthly CC
Monthly RE Tax w/ 421a
Monthly Tax w/o 421a
Status
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Studios
8D
1
$660,000
486
SW
$459
$95
$509
Contract Signed
18E
1
$670,000
423
SW
$400
$83
$443
Contract Signed
2F
1
$675,000
470
E
$444
$92
$493
Contract Signed
1-Bedrooms
18C
1
$785,000
578
SE
$546
$113
$606
Contract Signed
3H
1
$850,000
702
S
$664
$138
$736
Contract Signed
2-Bedrooms
12A
*15-Year 421-A Tax Abatement approved. 421-A tax benefits allows for an abatement of property taxes by exempting any increase in assessed valuation attributable to construction over the prior assessed valuation, subject to the assessed value cap pursuant to Section 421-A of the NYS RPL, provided that taxes shall be paid in each tax year in which full or partial exemption is in effect. Therefore, the 421-A tax benefit is a partial abatement. All measurements are approximate and subject to normal construction variances and tolerances and may vary from floor to floor. Sponsor reserves the right to makes changes in accordance with the terms of the offering plan. The complete offering terms are in an offer plan available from Sponsor File no. CD19-0042. Sponsor P8/Silverback 24-16 QPS Owner LLC, 40 West 57th Street, 29th Floor, New York, NY 10019.