Property Tax Exemption and Land Use Decision for Cathedral Parkway in Manhattan

• When: 2024/10/23
• Address: Block 1826, Lots 44 and 46; Block 1828, Lots 60 and 61; Block 1829, Lot 9; Block 1831, Lots 12 and 116, Manhattan, NY
• City: New York
• State: NY
• Category: Economic Development Incentives
• Asset Class: Real Property
• Property Type: Mixed-use development

The Cathedral Parkway project includes a property tax exemption and zoning-related adjustments affecting multiple lots in Manhattan's Community District No. 10. The initiative supports mixed-use development, aligning with city plans to enhance affordable housing availability and community infrastructure.

Why it Matters

This decision facilitates critical development in Manhattan, promoting community growth, affordable housing access, and economic investment in the region.

Source