421a tax abatement impact on this building ?

You can get it's tax bill on the city's site. The Bill shares the unabated taxes.

Billable assessed value before 421 abatement is $113511. 421a takes ~$42.2k off the assessed value. @ tax rate of 12.2350%, total tax on $113,511 w/o abatement would be ~13,888/yr. (This is from the online statement - I think I got the math right.). So the monthly will go from $705/mo to $1157.

(Happy to be corrected on this: I did it as an exercise to see how difficult it is to do this sort of thing, having never done it before. Took 10 min.)

@aaron, that's exactly what I would have done, with the disclaimer that it's unlikely that in 2023 anyone will be using a 2022 billable assessed value and tax rate, because the way the city does its math is to start top-down with its need for funding and work from there.

As listing broker I usually provide the exercise you just did above and then also the page in the offering plan that lists estimated taxes if the 421(a) doesn't go through -- this latter piece is probably a ten- or fifteen-year-old projection, so it's arguably less relevant than looking at a recent tax bill, but some people like to see it.

ali r.
{upstairs realty}

f_p: Thanks for confirming! Yes, I agree the 2023 numbers will not be using a 2022 assessment.

I'm still intrigued by this statement in the listing text: "*This home is virtually staged and is just as lovely in person!" In which case, why bother virtually staging it? (there's something going on in that bathroom, and the missing smoke detector in the BR may be a hint)

The AC vents have also gone missing:

https://streeteasy.com/sale/1271528