Hochul vetoes bill to close New York condo tax loophole – Robert Khodadadian

, Hochul vetoes bill to close New York condo tax loophole – Robert Khodadadian, Robert Khodadadian

The condominium loophole is the New York state law equivalent of Rasputin. Despite numerous calls through the past four decades to kill it off, the loophole — which gives tax breaks on large suburban homes by allowing them to be classified as condominiums — endures. New York Gov. Kathy Hochul recently vetoed a bill, passed by the state legislature in June, that would have closed the loophole, Syracuse.com reported. The loophole, the outlet reported, broadly

 The condominium loophole is the New York state law equivalent of Rasputin. Despite numerous calls through the past four decades to kill it off, the loophole — which gives tax breaks on large suburban homes by allowing them to be classified as condominiums — endures. New York Gov. Kathy Hochul recently vetoed a bill, passed by the state legislature in June, that would have closed the loophole, Syracuse.com reported. The loophole, the outlet reported, broadly
The post Hochul vetoes bill to close New York condo tax loophole appeared first on New York.  Home Page, Politics, Affordable Housing, condominium, New York, taxes The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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