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The state just revived the J-51 tax break, and it could take some of the sting out of the repair bills crushing NYC co-ops

New York’s revived J-51 tax incentive helps middle- and working-class co-op and condo owners afford mandatory repairs and green upgrades, easing financial pressure in Bushwick, Ridgewood, and outer boroughs.

The state just revived the J-51 tax break, and it could take some of the sting out of the repair bills crushing NYC co-ops
Photo by Henry Miller for Bushwick Daily
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If you own in a co-op or a condo, the state budget just did you a favor that got almost no coverage. The fiscal-year 2027 budget extended and expanded J-51, the tax incentive program that helps buildings pay for big capital improvements, and the expansion is aimed at middle- and working-class co-op and condo owners.

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