Energy Tax Savers Inc.

The EPAct 179D Experts

Google Knol publishes our article entitled, “The Tax Opportunities of New Development in Flushing, Queens”

July 13th, 2011 by Charles

Long regarded as an insulated community, known more for its sports facilities than its waterfront properties or major real estate developments, Flushing is now flourishing. Commercial real estate developers recognize a tremendous opportunity to capitalize on a strong market with a booming population, its own distinctive ethnic charm with specialty restaurants and shops, and access to public transportation – the Flushing Main Street stop is the busiest in the city outside Manhattan.  As Diane Yu, the Executive Director of the Flushing Business Improvement District, recently reported to the New York Times, “On every street and every block, there’s new construction, it’s amazing.”

Since many real estate analysts predict much of New York City’s commercial real estate development in the next few years to be concentrated in Flushing, which is ideally positioned near two major airports, many major roadways, and loads of warehousing and manufacturing facilities, it is crucial that property owners incorporate energy-efficient technology and design into new development. Building design teams contemplating new construction in Flushing are going to want to coordinate utility rebates, which may involve NYSERDA, Con Ed and National Grid, in addition to federal tax credits and deductions.  By drawing on these tax and financing incentives, Flushing may well become the city’s leading example of forward-thinking development.  Read more here.

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Energy Tax Savers Inc., The EPAct 179D Experts

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