Opportunity Zones offer significant tax benefits for qualifying investments in designated census tracts. NYC has zones in all five boroughs, covering a wide range of property types.
Tax Benefits
- Capital gains deferral until 2026
- Step-up in basis for gains held 5+ years
- Tax-free appreciation on OZ investments held 10+ years
- Basis step-up eliminated for new investments
Qualifying Investments
Investments must substantially improve the property within 30 months or be new construction. The rules are technical, so bring in experienced OZ counsel from the start.

