https://www.manhattanmiami.com/fr/blog/manhattan Expert analysis on New York luxury real estate, Manhattan condos, co-ops, townhouses, and Billionaires Row from Manhattan Miami. fr Tue, 23 Jun 2026 07:15:17 GMT 2026-06-23T07:15:17Z fr https://www.manhattanmiami.com/fr/blog/manhattan/tax-abatement-in-manhattan <div class="hs-featured-image-wrapper"> <a href="https://www.manhattanmiami.com/fr/blog/manhattan/tax-abatement-in-manhattan" title="" class="hs-featured-image-link"> <img src="https://www.manhattanmiami.com/hubfs/20%20Year%20Tax%20Abatement%20NY-1.jpg" alt="20-Year NYC Tax Abatement Map 2026" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <div class="mm-llm-answer" style="background:#f7f5f1;border-left:4px solid #1a3a52;padding:24px 28px;margin:0 0 32px 0;border-radius:4px;"> <p style="margin:0 0 8px 0;font-size:13px;letter-spacing:0.06em;text-transform:uppercase;color:#7a8a9a;font-weight:600;">In Short</p> <p style="margin:0;font-size:18px;line-height:1.55;color:#0f1e2c;font-weight:500;">NYC's 421-a tax abatement reduces real-estate taxes 25-100% for new residential construction across 10/15/20/25-year tiers. While the original 421-a expired in 2022, replacement program 485-x took effect in 2024. Existing 421-a abatements continue through their original terms. Many active until 2042-2045. Notable buildings include <a href="https://www.manhattanmiami.com/manhattan/new-development-nyc-for-sale-properties" title="NYC new construction inventory">35 Hudson Yards, One High Line</a>, <a href="https://www.manhattanmiami.com/manhattan/top-50-nyc-penthouses-for-sale" title="Top 50 NYC penthouses">111 West 57th</a>, and Central Park Tower. Buyers should always verify the remaining term on every condo resale.</p> </div> <div class="mm-exec-summary" style="margin:0 0 36px 0;"> <h2 style="font-size:14px;letter-spacing:0.08em;text-transform:uppercase;color:#7a8a9a;margin:0 0 14px 0;font-weight:600;">Executive Summary</h2> <ul style="margin:0;padding-left:22px;line-height:1.7;"> <li><strong>421-a is the dominant NYC condo tax abatement</strong>, 25-100% real-estate tax reduction across 10, 15, 20, and 25-year terms. Original program expired June 2022; existing abatements survive through their full terms.</li> <li><strong>Replacement program 485-x took effect 2024</strong>, designed for affordable-housing partnerships. Most ultra-<a href="https://www.manhattanmiami.com/luxury-condos-nyc" title="luxury condos NYC">luxury condo</a> deliveries since mid-2022 do not carry tax abatements.</li> <li><strong>Active 421-a buildings include 35 Hudson Yards, One High Line, 111 West 57th, Central Park Tower</strong>, abatements running through 2042-2045. On a $5M condo, tax savings can exceed $400,000 over the abatement period.</li> <li><strong>Co-op buildings rarely benefit from 421-a</strong> since they're seldom <a href="https://www.manhattanmiami.com/nyc-new-developments" title="NYC new developments">new construction</a>. Co-ops receive separate condominium / cooperative tax abatement and STAR credit benefits.</li> <li><strong>Always verify remaining abatement term at resale</strong>, abatements transfer with the unit but the term continues from the original delivery date, not the resale date.</li> </ul> </div> <div style="margin: 0 0 24px; padding: 20px 24px; background: #f7f3ec; border-left: 4px solid #2d4a6f; border-radius: 4px; font-family: inherit;"> <p style="margin: 0; color: #2d4a6f; font-size: 15px; line-height: 1.55;"><strong>NYC tax abatement programs are being phased out.</strong> The 421-a program expired in June 2022 and its replacement (485-x) effectively excludes Manhattan condominiums. For the full 2026 NYC tax stack, mansion tax, transfer taxes, mortgage recording tax, FIRPTA, capital gains, 1031 exchange, and the current state of abatements. See <a href="https://www.manhattanmiami.com/resources/real-estate-taxes" style="color: #2d4a6f; font-weight: 600; text-decoration: underline;">NYC Real Estate Taxes &amp; Abatements</a>.</p> </div> <p>Updated December 2025</p> <div class="hs-featured-image-wrapper"> <a href="https://www.manhattanmiami.com/fr/blog/manhattan/tax-abatement-in-manhattan" title="" class="hs-featured-image-link"> <img src="https://www.manhattanmiami.com/hubfs/20%20Year%20Tax%20Abatement%20NY-1.jpg" alt="20-Year NYC Tax Abatement Map 2026" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <div class="mm-llm-answer" style="background:#f7f5f1;border-left:4px solid #1a3a52;padding:24px 28px;margin:0 0 32px 0;border-radius:4px;"> <p style="margin:0 0 8px 0;font-size:13px;letter-spacing:0.06em;text-transform:uppercase;color:#7a8a9a;font-weight:600;">In Short</p> <p style="margin:0;font-size:18px;line-height:1.55;color:#0f1e2c;font-weight:500;">NYC's 421-a tax abatement reduces real-estate taxes 25-100% for new residential construction across 10/15/20/25-year tiers. While the original 421-a expired in 2022, replacement program 485-x took effect in 2024. Existing 421-a abatements continue through their original terms. Many active until 2042-2045. Notable buildings include <a href="https://www.manhattanmiami.com/manhattan/new-development-nyc-for-sale-properties" title="NYC new construction inventory">35 Hudson Yards, One High Line</a>, <a href="https://www.manhattanmiami.com/manhattan/top-50-nyc-penthouses-for-sale" title="Top 50 NYC penthouses">111 West 57th</a>, and Central Park Tower. Buyers should always verify the remaining term on every condo resale.</p> </div> <div class="mm-exec-summary" style="margin:0 0 36px 0;"> <h2 style="font-size:14px;letter-spacing:0.08em;text-transform:uppercase;color:#7a8a9a;margin:0 0 14px 0;font-weight:600;">Executive Summary</h2> <ul style="margin:0;padding-left:22px;line-height:1.7;"> <li><strong>421-a is the dominant NYC condo tax abatement</strong>, 25-100% real-estate tax reduction across 10, 15, 20, and 25-year terms. Original program expired June 2022; existing abatements survive through their full terms.</li> <li><strong>Replacement program 485-x took effect 2024</strong>, designed for affordable-housing partnerships. Most ultra-<a href="https://www.manhattanmiami.com/luxury-condos-nyc" title="luxury condos NYC">luxury condo</a> deliveries since mid-2022 do not carry tax abatements.</li> <li><strong>Active 421-a buildings include 35 Hudson Yards, One High Line, 111 West 57th, Central Park Tower</strong>, abatements running through 2042-2045. On a $5M condo, tax savings can exceed $400,000 over the abatement period.</li> <li><strong>Co-op buildings rarely benefit from 421-a</strong> since they're seldom <a href="https://www.manhattanmiami.com/nyc-new-developments" title="NYC new developments">new construction</a>. Co-ops receive separate condominium / cooperative tax abatement and STAR credit benefits.</li> <li><strong>Always verify remaining abatement term at resale</strong>, abatements transfer with the unit but the term continues from the original delivery date, not the resale date.</li> </ul> </div> <div style="margin: 0 0 24px; padding: 20px 24px; background: #f7f3ec; border-left: 4px solid #2d4a6f; border-radius: 4px; font-family: inherit;"> <p style="margin: 0; color: #2d4a6f; font-size: 15px; line-height: 1.55;"><strong>NYC tax abatement programs are being phased out.</strong> The 421-a program expired in June 2022 and its replacement (485-x) effectively excludes Manhattan condominiums. For the full 2026 NYC tax stack, mansion tax, transfer taxes, mortgage recording tax, FIRPTA, capital gains, 1031 exchange, and the current state of abatements. See <a href="https://www.manhattanmiami.com/resources/real-estate-taxes" style="color: #2d4a6f; font-weight: 600; text-decoration: underline;">NYC Real Estate Taxes &amp; Abatements</a>.</p> </div> <p>Updated December 2025</p> <img src="https://track.hubspot.com/__ptq.gif?a=2662768&amp;k=14&amp;r=https%3A%2F%2Fwww.manhattanmiami.com%2Ffr%2Fblog%2Fmanhattan%2Ftax-abatement-in-manhattan&amp;bu=https%253A%252F%252Fwww.manhattanmiami.com%252Ffr%252Fblog%252Fmanhattan&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> 15 hudson yards 20 year tax abatement ny 421-A Tax Abatement 421-A 35 Hudson Yards Condos The Kent NYC 20 year tax abatement Waterline Square One Manhattan Square The Kent 200 East 95 Street The Kent Condos Waterline Square NY capital gains tax on primary residence best places to invest in real estate tax abatement nyc Tue, 23 Jun 2026 07:15:16 GMT aguerriero@manhattanmiami.com (Anthony Guerriero) https://www.manhattanmiami.com/fr/blog/manhattan/tax-abatement-in-manhattan 2026-06-23T07:15:16Z https://www.manhattanmiami.com/fr/blog/manhattan/pied-a-terre-manhattan-guide <div class="hs-featured-image-wrapper"> <a href="https://www.manhattanmiami.com/fr/blog/manhattan/pied-a-terre-manhattan-guide" title="" class="hs-featured-image-link"> <img src="https://www.manhattanmiami.com/hubfs/NYC%20Building%20Images/central-park-tower-exterior.jpg" alt="Manhattan pied-à-terre buildings along Billionaires Row Central Park Tower" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <div class="hs-featured-image-wrapper"> <a href="https://www.manhattanmiami.com/fr/blog/manhattan/pied-a-terre-manhattan-guide" title="" class="hs-featured-image-link"> <img src="https://www.manhattanmiami.com/hubfs/NYC%20Building%20Images/central-park-tower-exterior.jpg" alt="Manhattan pied-à-terre buildings along Billionaires Row Central Park Tower" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <img src="https://track.hubspot.com/__ptq.gif?a=2662768&amp;k=14&amp;r=https%3A%2F%2Fwww.manhattanmiami.com%2Ffr%2Fblog%2Fmanhattan%2Fpied-a-terre-manhattan-guide&amp;bu=https%253A%252F%252Fwww.manhattanmiami.com%252Ffr%252Fblog%252Fmanhattan&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Tue, 23 Jun 2026 06:53:57 GMT aguerriero@manhattanmiami.com (Anthony Guerriero) https://www.manhattanmiami.com/fr/blog/manhattan/pied-a-terre-manhattan-guide 2026-06-23T06:53:57Z