Zach of Itzhaki Properties closes $2.1 million sale
According to Itzhaki Properties the firm has completed the $2.1 million sale of 148-19 90th, a 14,500 s/f development site comprised of three contiguous lots with an existing 2,040 s/f two-story house. Located in the Briarwood section of the borough, the site has 64,660 s/f of available development rights with a total buildable of 66,700 s/f. The purchasing developer has plans to build HPD affordable housing on the site. Itzhaki broker Shay Zach represented the buyer and seller.
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
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