City of Yes & 467-m Seminar: The Future of Office-to-Residential Conversions
The 467-m (Affordable Housing from Commercial Conversions) tax incentive is set to reshape the landscape of office-to-residential conversions in New York City, creating new opportunities for property owners and investors. At the same time, the City of Yes zoning reforms aim to unlock additional housing potential by modernizing outdated land use regulations. Together, these initiatives are expected to drive demand, increase property values, and breathe new life into underutilized office buildings. With such a significant shift in the market, it’s critical for property owners to understand how they can benefit.
BKREA is hosting an exclusive seminar in The Knakal Map Room to break down the impact of 467-m and City of Yes. We’ll discuss:
How these policies will affect the value of your property
What they mean for the broader real estate market
How neighborhoods across the city will evolve in response
Some of these changes could substantially increase the worth of your asset—this is an opportunity you won’t want to miss.
Agenda:
12:00 PM - 12:30 PM: Registration & Lunch
12:30 PM: Opening Remarks - Bob Knakal
12:35 PM: City of Yes Presentation - Dan Garodnick, Chairman, City Planning Commission
1:15 PM: Panel Discussion with the Jason Hershkowitz and BKREA Zoning & Policy SWAT Team - Ian Rasmussen, Charles Alwakeel, Wilson Parry and Jason Hershkowitz
1:45 PM: Q&A
2:00 PM: Concluding Remarks