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The Beekman: land lease

Started by currentTenant
over 14 years ago
Posts: 3
Member since: Jun 2011
Discussion about The Beekman at 575 Park Avenue in Lenox Hill
anyone knows when is the land lease expiring?
Response by CrystalClear
over 14 years ago
Posts: 1
Member since: Aug 2010

I believe the lease expires in 9 years (2020).

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Response by basicinformation
over 14 years ago
Posts: 82
Member since: Oct 2008

is that why there are so many units for sale in that building ?

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Response by nycmiami
over 14 years ago
Posts: 14
Member since: Oct 2009

what is the story on the tax abatement??

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Response by skramer PRO
over 11 years ago
Posts: 4
Member since: Dec 2009

The land lease expires in 2046.

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Response by skramer PRO
over 11 years ago
Posts: 4
Member since: Dec 2009

There is no tax abatement to my knowledge. The maintenance is 25.5% tax deductable.

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