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Hotel in Williamsburg

ICAP Property Tax Abatements

Annual savings of

$ 300,000

Multiple errors in assessment and abatement calculations resulted in unfair tax liability levied against this Brooklyn hotel. The MGNY team worked in concert with the City Assessor's office to correct the mistakes on the assessment roll. The abatement amount was increased dramatically benefiting the hotel for the remainder of the 25-year abatement term.