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ps90

Started by naomico
over 15 years ago
Posts: 1
Member since: Jan 2010
Does someone know, when PS90 will get the J51 abatement. So far it is not in place, that means people will have to pay real estate taxes.
Response by Swhelan
over 15 years ago
Posts: 1
Member since: Nov 2009

Hi Naomico: The J51 preliminary certificate has been issued by the City. The building passed its inspection. The case has been assigned a manager by the City. So things are moving along. The typical time frame for tax abatement approval is 6-9 months after TCO has been issued. So we're looking at 2-3 more months. This is just a question of paperwork being done with the City - the abatement will be issued and we're willing to stand behind that. Feel free to contact me if you have any further questions.
Sidney S. Whelan
Lic. RE Salesperson
Onsite Sales Office Manager - PS90
Halstead Property Development Marketing, LLC
831 Broadway
New York, MY 10003
Tel: (212) 381-2346
email: swhelan@halstead.com

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Response by MrSuttonPlace
over 15 years ago
Posts: 155
Member since: Aug 2009

I would not accept anything a broker says as fact, unless it is written into a contract.

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