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ICIP |
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While asking rental rates in Long Island City start at $42 per square foot, numerous corporate firms are leveraging incentives offered by the City to reduce their rents by up to 50 percent of Midtown Manhattan rentals through REAP and ICIP. In addition, Stroock represents owners and developers in negotiating and obtaining valuable tax incentives and exemptions, such as those emanating from the ICIP, as well as advising on the real estate tax structures in PILOT agreements for important sites such as the World Trade Center and Battery Park City. Other features include ample on-site parking and an ICIP tax abatement. |
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