How your building’s tax abatement application is handled.
Here is the whole process, from first eligibility check to secured savings. Most of it happens off the board’s plate - and you only pay once the credits are in.
How it all works
Check your building’s eligibility
Your building's eligibility is confirmed before anyone does any work.
To qualify, your building has to be NYC tax class 2 - a residential co-op or condo and can't be receiving certain other city tax breaks at the same time, such as 421a or J-51. All of this is checked up front, so you only move forward if there's a real abatement to recover. (You can read more on the Department of Finance website.)
Run the prevailing-wage check
Some buildings face an extra requirement - yours won't get caught off guard by it.
Depending on its size and average assessed value, a building may be required to pay prevailing wage to on-site staff in order to qualify. Whether yours falls into that category is checked early. If it does, you get a clear cost-benefit analysis, so the board can decide whether claiming the abatement still makes financial sense.
Set up and gather the building’s details
Once we know it’s worth doing, we take the paperwork off your plate.
A simple agreement is put in place, then the building's details and owner contact list are collected so owners can be reached directly on the board's behalf. From here on, the board's involvement is minimal.
Collect owner documents and file the application
The owners and the filing are handled for you - no chasing anyone.
Each owner is contacted to gather the documents needed to confirm eligibility, such as proof of primary residence. Once everything is in hand, the complete application is submitted to the NYC Department of Finance, with all supporting documents, well ahead of the city's deadlines.
Secure the abatement - then, and only then, get paid
We see it through until the savings actually appear - and that’s the only point at which we charge.
After filing, your building's tax bills and any follow-up from the Department of Finance are tracked to make sure the abatement is correctly applied. We charge our fee only once the credits have been secured. If nothing is recovered, you owe nothing.
Common questions
Straight answers to the questions boards ask us most often.
Read the full FAQ page for more information.
It starts with you getting your free eligibility check, which lets us check public records and confirm where your abatement stands. From there, we check if your building is required to pay prevailing wage to qualify. If we find your building should apply, you send us some of the development information and an owners contact list. We reach out to owners, get their primary residency certification, prepare and submit the initial filing or renewal to the Department of Finance, track it through processing, and confirm the benefit is applied.
The board's authorization to file, basic development information, and the owners contact list so we can collect information from them. Some of this is sensitive, including residency documentation, so we handle and store it carefully and use it only for the filing.
Then you owe nothing. Because the fee is tied to recovered first-year savings, a building that turns out to be ineligible, or a filing that produces no benefit, costs you nothing. We'd rather tell you early that there's nothing to recover than bill you for the attempt.
No cost to your building.
See if your building qualifies.
Send your name, email, and building address. We’ll personally check your eligibility and set up a short intro call.
