NYC Office Conversion 467-m Tax Abatement | Office to Residential Conversion

The Conversion Opportunity

Manhattan's office market transformation presents unprecedented opportunities for investors and developers. With remote work reshaping demand, Class B and C office buildings in prime locations are ideal candidates for residential conversion.

New York City's 467-m tax abatement program provides significant incentives for qualifying conversions, offering property tax benefits for up to 35 years. Combined with strong residential demand, these projects can generate substantial returns.

Robert Khodadadian has been featured in NYREJ discussing "The Ideal Candidate for Office to Residential Conversion" - identifying key factors that determine conversion viability and success.