Tax Filings And Services at Metropolitan Realty Exemptions

At Metropolitan Realty Exemptions Inc., we pride on servicing our clients for the past twenty years in all their property Tax Incentive Program filing needs.

We understand the effect and burden of the property taxes liabilities following completion of construction due to increased improved value, coupled with complicity of developing a new building or conduct an alteration of an existing building, we are therefore committed in making the property tax filing as easy as possible.

421-a(16) Affordable New York Housing Program

Offered For: New Construction Residential buildings, or Existing building adding more than 50% of square footage

Affordable Marketing Agents

At Metropolitan Realty Exemptions we have an affordable marketing division under the name “Reside New York” which acts as an approved HPD Affordable Marketing Agency.


Offered for: Multi Family Residential Alterations


The Industrial Commercial Abatement Program (ICAP) is designed for new buildings or alterations on commercial properties.

Inclusionary Housing Program

Offered For: New residential buildings located in specific mapped areas

MDR Annual Filings

Offered For: Multi Family Residential buildings

Nonprofit Exemption

Offered For: Occupancies used by Nonprofit establishments

DHCR Annual Filings

Offered For: Occupancies used by Nonprofit establishments

DLS Filings

Offered For: Occupancies used by Nonprofit establishments

Fresh Program

Offered For: Multi Families Residential buildings


The Affordable Independent Residence for Seniors (AIRS) Program provides bonus floor area if the developer chooses to create permanently affordable housing for seniors.

Prevailing NY

Prevailing wage is the wage and benefit rate set annually by the New York City Comptroller…