Real Estate Developers Forum: The New 421-a Program
2 Park Avenue
New York, NY
Herrick's Real Estate Developers Forum brought together more than 300 members of the New York real estate community for an analysis of the recently passed Affordable New York program.
Jennifer Dickson, our Chief Planning and Development Specialist, and Michael Slattery, Senior Vice President at REBNY, discussed how the new law differs from the previous 421-a program and the implications for developers, owners, lenders and the industry as a whole. We conducted a survey that delved into questions regarding the program’s enhanced affordability options in parts of Manhattan, Queens and Brooklyn. Attendees revealed how optimistic they were about the local commercial real estate market in 2017, and what area they thought would see the most development this year.
The video below does not constitute a zoning opinion or guaranty of Herrick, Feinstein LLP and should not be relied upon for investment, tax or real estate transaction purposes. This video is the property of Herrick, Feinstein LLP.