Condominium Conversion Properties

Many rental apartment buildings were converted to condominium ownership during the "Boom Years". Unfortunately , many were not sold out resulting in either multiple vacant units for sale or "reconversion" back to apartment or office rental units. We understand the proper way to present the case for tax relief while confronted with the legal structured individual condominium units.

Atlantic and Pacific Management - One of their purchases for conversion resulted in the need to re-lease many of the newly converted units. We were successful in negotiating a significant adjustment for each unit and in providing additional analysis to the property appraiser that should result in further adjustments the following year.

Carlyle Hotel - Successfully minimized taxes during the long rehabilitation of this historic hotel into condominium residences.We continue to lower the tax assessments further on unsold units.