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The Co-op That Lost Its Tax Break — and How It Got It Back
Manage episode 515445185 series 3397088
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When a small Manhattan co-op suddenly saw its budget spike, rising costs weren’t the culprit — it was an administrative filing error. Turns out the co-op had lost its co-op tax abatement worth $60,000 because its management company had missed the rule regarding prevailing wage requirements. Avi Zanjirian, partner at Czarnowski & Beer walks us through how the board discovered the oversight, fixed the problem, and ultimately got the abatement reinstated. Habitat’s Emily Myers conducts the interview.
Thanks for listening. Subscribe to this podcast for more stories on how New York co-ops and condos have solved a myriad of problems. Brought to you by Habitat Magazine, the "bible" that hundreds of board directors turn to every day!
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