MGNY identified an error in implementation of the 421a benefits. Correcting the error required over a year of persistent effort and the review of 600 pages of documents dating back 20 year ago. After presenting the case to several City agencies and persuading the authorities to correct the error, MGNY secured a tax refund of $480,000 as well as future benefits exceeding $300,000.
421a Tax Abatements
Park Slope Multifamily
$480,000
Refund
$325,000
Future Savings
