ProgramICAP
Max abatementUp to 25 years
Service IDSVC-ICAP
About this service
The Industrial & Commercial Abatement Program (ICAP) provides abatements of property taxes resulting from construction for periods up to 25 years. To be eligible, industrial and commercial buildings must be newly built, modernized, expanded or otherwise physically improved.
This benefit adds substantial value to a property. We have obtained a large number of ICAP benefits for our clients worth millions of dollars for the property owners.
Highlights
- Up to 25-year abatements
- New construction & modernization
- Proven track record
- Substantial tax savings
Service details
- Program
- ICAP
- Max abatement
- Up to 25 years
Scope
- Eligibility
- New build, expansion, or improvement
Requirements
- Property types
- Industrial & commercial
Coverage
- Coverage
- New York City
How to get started
- For ICAP and incentive program support, call 718-273-3080 ext. 2.
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