The federal tax credit for first-time home buyers might have expired this past April but more than a couple of new condos in New York City are using the concept to their advantage. The Wall Street Journal reports that traffic has dropped as much as 30% percent in one Harlem building when the $8,000 tax credit expired but now the same development will be offering this amount as a cash incentive. Central Harlem's Beacon Tower and Savoy West (photo) are both mentioned as buildings that will provide this incentive for a limited time. Read more in the WSJ: LINK. Photo by Ulysses
Thursday, June 17, 2010
☞ READ: Condos Customize Tax Breaks
The federal tax credit for first-time home buyers might have expired this past April but more than a couple of new condos in New York City are using the concept to their advantage. The Wall Street Journal reports that traffic has dropped as much as 30% percent in one Harlem building when the $8,000 tax credit expired but now the same development will be offering this amount as a cash incentive. Central Harlem's Beacon Tower and Savoy West (photo) are both mentioned as buildings that will provide this incentive for a limited time. Read more in the WSJ: LINK. Photo by Ulysses
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