DEAR MR. DE BLASIO: WHY ARE BROOKLYN’S REAL ESTATE TAXES SO MUCH LOWER THAN MANHATTAN’S?


Posted by Leonard Steinberg on September 26th, 2013 With Brooklyn pricing on the rise (Dumbo and Brooklyn heights are now two of the costliest New york neighborhoods), and Brooklyn’s infrastructure looking awfully similar to Manhattan’s (and in many areas much better), why are their real estate taxes so much lower than Manhattan’s? Is Bill de Blasio’s ‘Tale of Two Cities’ beginning to look and sound a lot more like the typical political pandering we are so used to? Lets examine an example of some REALLY crazy disparity: DUMBO, BROOKLYN:  1 Main Street (The Clocktower Building), a gorgeous full service condominium with 24 hour doorman: On the 3rd floor a 2,198sf loft asking $ 2,5million pays $ 550/month in real estate taxes. CHELSEA, MANHATTAN: 121 West 19th Street, a very nice full service condominium with 24 hour doorman, very similar in proportioning to One Main in Dumbo: On the 3rd floor a 2,224sf loft asking $ 2,295million pays a WHOPPING $ 2,445/month in real estate taxes…..thats over FOUR TIMES the real estate taxes of Brooklyn! Dear Mr. De Blassio: this unconstitutional and grossly unfair inequality should be your top priority if you get elected…..thats of course if equality is what you believe in, no?