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January 23, 2017

Stroock Special Bulletin

By: Eva C. Talel, , Joseph B. Giminaro, Thomas Zampino

The application process for the New York City Cooperative and Condominium Property Tax Abatement (the “Coop-Condo Abatement”) has recently changed, and boards and managing agents will have to comply with the new requirements in order to obtain or maintain the benefits on behalf of qualifying cooperative and condominium homeowners. 

This Stroock Special Bulletin outlines the new requirements and procedures for a Coop-Condo Abatement application.