Floor 11
14,730 RSF (Terrace 3,619 SF)
Floor 10
19,705 RSF (Terrace 3,415 SF)
Floor 9
28,883 RSF
Floor 8
28,883 RSF (Terrace 2,121 SF)
Floor 7
31,870 RSF
Floor 6
31,898 RSF (Terrace 3,147 SF)
Floor 5
36,196 RSF
Floor 4
36,196 RSF
Floor 3
36,196 RSF
Floor 2
36,185 RSF (Terrace 2,265 SF)
Floor 1
19,363 RSF
Garden Level
19,806 RSF (Courtyard 3,408 SF)
Construction Timeline
Economic Incentives
RELOCATION & EMPLOYMENT ASSISTANCE PROGRAM
Taystee’s tenants that relocate jobs from outside New York City or from below 96th Street in Manhattan may be eligible to receive REAP business income tax credits equal to $3,000 per employee per year for twelve years. A company relocating 200 employees could receive a $600,000 per year income tax credit under REAP representing savings of between $15 to $20 per square foot per year.
COMMERCIAL RENT TAX EXEMPTION
Taystee’s tenants may be exempt from the occupancy tax that companies pay south of 96th Street. Users would be exampt from an annual tax of 3.9% of the rent, representing savings of more than $2 psf per year.
ENERGY COST SAVINGS PROGRAM AND BUSINESS INCENTIVE RATE
Qualifying Taystee tenants could benefit from reduced electricrity rates from two programs: ECSP and BIR. The first program could reduce an entire electric bill by approximately 15% to 20% for each of twelve years; the second program could reduce the entire electric bill by an additional 12% to 15% for fifteen years. Combined savings range from approximately 27% to 35% of total electricity costs. Tech, life science and other manufacturers may also benefit from savings on gas charges.
REAL ESTATE TAX EXEMPTION
The Taystee Lab Building will qualify for an enhanced 25 year Industrial and Commercial Abatement Program (ICAP) real estate tax benefit that will significantly reduce tenants’ exposure to real estate tax increases.