Commercial ObserverArticle
NYC’s Conversion Break Producing Far More Units Than New-Construction Sweetener
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in…
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Provenance
- Publisher
- Commercial Observer
- Obtained from
- Unknown: source not established
- Published
- Jul 22, 2026
- Last updated
- Jul 22, 2026 (25 days ago)
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