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If a co-op is currently receiving a 17.5% real estate tax abatement under the City's Co-op/Condo Partial Tax Abatement Program, can it also receive J-51 exemption and/or abatement benefits for capital projects?
http://www.nyc.gov/html/dof/html/property/property_tax_reduc_coop_condo.shtml
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I do not believe so; however, you should check with a j-51 attorney... I do know that there is one on this site who responded to a recent inquiry by me.. search it and call him for the most accurate answer.
~AR
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