In a normal year, April 15 is usually known as Tax Day, the last day to file your income taxes and pay taxes owed. Like last year, the Internal Revenue Service has pushed the date back to May 17 to give individual filers, tax preparers, and the IRS itself more time to sort through the many changes and Covid relief packages brought on by the pandemic.

With the state having recently raised taxes on New Yorkers earning more than a million dollars and an increase in federal taxes is promised to follow, well-heeled residents may want to offset the increases by seeking out one of the hundreds of for-sale apartments benefiting from some form of tax abatement.

The most coveted type of tax abatement that benefits New York City homebuyers is the 421a tax exemption program. Launched in 1971 to encourage development on underutilized or vacant properties, the program dramatically reduces property taxes for a set amount of time. Qualifying condo developers can benefit from exemptions lasting anywhere between 10 and 15 years, and the abatements are passed down to condo units within the buildings in the form of lower real estate taxes.

The incentive came to an end at the beginning of January 2016, but many developments that secured an exemption before the date have come online in recent years. Furthermore, there are several hundred resale units with years of low taxes for years to come. Below, find a selection of two and three-bedroom condos in Manhattan within buildings with ongoing 421-A tax abatements. Remember, all units within each building below also have the abatement so be sure to check active listings on their respective pages.

From the Listing: Bring offer to make a deal! Welcome to this light-filled 2 bedroom 2 bath apartment in Central Harlem, The Langston. A great starter home or investment with good rental income.

Clear sky views in every room, hardwood floor throughout, and central air conditioning. Living/dining room combo and open kitchen with GE appliances, big window with good natural light all day long. En-suite master bedroom with double closet and shower bathroom. 2nd bedroom can be used as a home office or queens size bedroom. See floor plan and full details here.

From the Listing: Motivated Seller !!! What an Address to have... This newly renovated beautiful 2 Bedroom and 2 Bedroom Luxury Condo Apartment has a gorgeous marble foyer, kitchen, and hallway flooring. The bedrooms and living room have Brazilian Cherry Wood flooring. There is custom recessed lighting throughout the apt. including the kitchen while shining on brand new stainless steel appliances. This condo is facing East on 5th Ave. The inviting lobby has access to 2 elevators or a simple walk up to your apt. if preferred. A large storage unit is included for the current year. See floor plan and full details here.

From the Listing: A zen-like sun-filled SPLIT two bedroom, two full bath Condo surrounded by beautiful landmarked brownstones. This Aurum home overlooks the lovely landscaped Aurum courtyard. Meticulously selected materials, paired with modern amenities and finishes combine to form residences of sophistication and warmth. This carefully appointed home is uniquely styled with 5 wide White Oak plank flooring which compliments the living and dining area. See floor plan and full details here.

From the Listing: Very lovely three Bedroom and two Bathroom Duplex Condo with 240 SF Terrace. In addition, there is a garage in the building and the parking spot dedicated to this unit comes with this apartment! The living room, kitchen, entrance hall, and terrace are on the lower floor. The spacious terrace faces south. The bedrooms, bathrooms, and laundry are upstairs. W/D are allowed and laundry facilities are on each floor. See floor plan and full details here.

From the Listing: Located in one of Harlem's finest boutique condos on a lovely tree-lined block, this well-proportioned classic split two bedroom two bath offers one of the most desirable layouts in the building. Upon introduction, one is immediately taken aback by how the flow of the floorplan sets this home apart. The entrance gallery leads you to all principal rooms including the Living Room and Washer/dryer room, all of which are accentuated by bamboo floors. See floor plan and full details here.

From the Listing: Enter this home through a formal entry foyer brings you into a beautifully designed split, two-bedroom, two-bath condominium. With windows all around, you will enjoy picturesque views of tree-lined streets, facing both north and west. This residence is designed with a windowed galley kitchen and a breakfast bar that flows into the generous living and dining area. An intimate loggia-inspired terrace extends the living space even further, allowing for indoor/outdoor entertaining. The contemporary design throughout the home reflects modern living at its best. The warm hues of the Brazilian oak floors compliment the striking quartz kitchen countertops blending the sumptuous new and old styles of Harlem living. The kitchen, designed by the celebrated Fisher Paykel brand (est. 1934), offers a cohesive and attractive appliance package providing even the most ambitious chef with the tools to create their culinary delights. See floor plan and full details here.

From the Listing: Welcome to the Gateway Condominium at 2098 Frederick Douglass Boulevard! Move right into this spacious two-bedroom, 2.5 bath condominium apartment, just three blocks from Central Park and two blocks from Morningside Park. This south-central Harlem neighborhood between 113th and 114th Street is one of the city’s premier locations for access to nature and green space.

You will enjoy your open kitchen and huge living room, ideal for entertaining and gracious living. Plenty of natural light greets you in this apartment, which has three exposures: South, East, and North. The large master bedroom suite features three large windows, open views, an ensuite bath and a walk-in closet. The kitchen includes a Jennair range, wine fridge, ample counter space and abundant storage. For convenience, there is a stacked Bosch washer and dryer. See floor plan and full details here.

From the Listing: Available for immediate occupancy, this 3 bedroom home faces west toward Strivers Row, St Nicholas Park, City College, and the George Washington Bridge. A spacious terrace, large master suite with walk-in closet, and separate kitchen provide all of the conveniences of home. See floor plan and full details here.

5th on the Park, #7F | $1,497,000 (-6%)

East Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,296 ft²
Tax abatement until 2034 .

From the Listing: Incredible walls of glass welcome you to this oversized two-bedroom, two-bathroom residence in one of Harlem’s most desirable, white-glove condominiums. Apartment 7F offers beautiful South and East views from the massive living space and private terrace. Enjoy fabulous natural light from the open kitchen with stainless steel appliances and a breakfast bar. The spacious master bedroom with unobstructed views from the two large windows features three closets, one being a walk-in and an en suite bath with a separate shower and soaking tub. The secondary bedroom is sizable and enjoys beautiful light and views. See floor plan and full details here.

From the Listing: Offering incredible space, a thoughtful layout, and a park adjacent location, unit 4A is priced to sell! The moment you step inside you will be taken aback by the size of the living and dining space. This elevated great room offers two large windows that anchor the space and let the south-facing light shine in. The generous king-sized primary bedroom equipped with a spacious walk-in closet will allow for a comfortable lifestyle for years to come. The remaining two bedrooms are on the north side of the home, offering you distance and privacy from the great room and main bedroom. See floor plan and full details here.

From the Listing: Welcome to Apartment 2J in the Adeline Condominium. This beautiful and spacious south-facing 3 bed / 2 bath approximately 1,448 sqft has custom designs and finishes throughout. As you enter the apartment you will notice the 7in wide plank oak floors, floor-to-ceiling windows, and a modern and open concept layout. The windows are high quality and noise-canceling making this unit extremely quiet. See floor plan and full details here.

From the Listing: Spanning almost 1,900 square feet at The Lenox, Central Harlem's premier full-service condominium, this convertible 3 bed is the only apartment of its kind with an added powder room. Featuring new oak floors and extensive upgrades throughout, this residence is move-in ready and; stands out with a flexible floor plan unlike any other. See floor plan and full details here.

From the Listing: Space, flow and an incredible layout make 1C the perfect space when working from home or nurturing hobbies. The palatial 2400 square feet offer the perfect canvas for life in the city. This brand new home is as beautiful as it is functional and flexible. Offering both a large living and dining area upstairs and an enormous windowed rec room down, the space is perfect for entertaining or lounging with space to spare. At only $726 per square foot this home offers value See floor plan and full details here.

From the Listing: Residence 9H is a 1,156 square foot two-bedroom, two-bathroom with an open gourmet kitchen and breakfast bar. This spacious corner residence faces North East with City views and East River, Manhattan Bridge and Brooklyn views to the South East side. Warm, modern interiors are brought to life by the renowned design team at Meyer Davis Studio. This residence features imported stone and custom finishes, premium Miele appliance package, oak flooring, master bath with custom wood cabinetry, marble tile walls and mosaic floors with radiant heat, under-mount Wetstyle sink with glass vanity top and Dornbracht polished chrome faucets and a washer and dryer. See floor plan and full details here.

From the Listing: Best priced two-bedroom condominium in the area! This two-bedroom, two-bathroom apartment is in perfect condition and the ceiling height is a generous 10'2". This corner unit gets light all day from floor-to-ceiling windows with north and west exposures. A proper entry foyer leads to a modern and open kitchen with Meile appliances, Caesarstone counters, Dornbracht fixtures, and Poliform cabinets. The roomy primary bedroom has wonderful light and gracious closets. An en suite marble bathroom has double sinks, a Duravit soaking tub, a spacious separate stall shower, Corian counters and a walnut vanity. The second bedroom also faces north for lovely light all day. The apartment has central heat and air-conditioning, a washer/dryer and newly updated 5" white oak flooring. See floor plan and full details here.

From the Listing: Low common charges coupled with this rare tax abatement minimize total monthly costs. Shamir Shah designed these homes to be warm with elegant interiors but not stray from the modern aesthetic. Apartment 7J is a spacious and thoughtfully configured two-bedroom, a two-bath residence which includes a split bedroom layout for ultimate privacy. Over 1400 square feet of living space, wide plank oak flooring, and 11ft ceilings make this home exceptional. See floor plan and full details here.

From the Listing: Residence 14B is a modern floor-through apartment spanning approximately 1,280 square feet. This 2-bedroom, 2 bathroom home with East and West views has 9 ft ceilings to create a loft-like living experience. Conveniently and centrally located in Murray Hill between 38th and 39th Streets and is moments from The New York Public Library, Bryant Park, and Grand Central Station. See floor plan and full details here.

From the Listing: Luxury has a new name: Chelsea Green, one of the best boutique full-service condos in the Chelsea/Flatiron area! The LEED Gold-certified building has energy-efficient double-paned floor-to-ceiling windows, a state-of-the-art multi-zone central heating/cooling system, and water purification system. This triple-mint condition, spacious and quiet two-bedroom, the two-bath residence features dark hardwood walnut flooring throughout, 10-ft+ ceilings, and southern and northern exposure. The well-appointed open chef's kitchen designed by Eric Ripert comes complete with an eco-friendly Liebherr refrigerator (which is 100% recyclable), an energy-efficient dishwasher by Bosch, cooktop and oven by Smeg, and water-conserving faucets by Grohe, plus Caesar stone countertops, teak lava finishes, and a microwave. See floor plan and full details here.

From the Listing: This beautiful corner apt is in EXTRA mint condition. The apt has a view of the Empire State Bldg, Chrysler Bldg from oversize windows. The apt offers independent HVAC for all rooms, over 10' ceiling, open kitchen with Gaggenau appliances, wine cooler, and more. The corner master suite with two walk-in large closets, a beautiful large windowed bathroom with a heated floor, a long soaking tub, and a separate large shower. 2nd bedroom, facing south, large closet, beautiful bathroom. The powder room completes this exquisite home. See floor plan and full details here.

From the Listing: Extraordinary space! This MINT CONDITION residence with 2 bedrooms, 1.5 baths, is 1397 sqft and has walnut wide plank floors and custom finishes throughout. A generous living room offers amazing natural light, with east and southeast exposures through floor-to-ceiling windows. See floor plan and full details here.

From the Listing: This corner 2 bedroom, 2.5 bathroom condominium is a rare find. An efficient split-bedroom layout provides privacy and an ease of flow throughout the apartment with oversized, floor-to-ceiling windows, facing west and south which bathe the apartment in sunlight all day.

The open kitchen is a chef's dream with contemporary white lacquer cabinetry, stainless steel Bosch appliances and Liebherr refrigerator. Family and guests can gather around the breakfast bar which opens into the main living space. A double-basin sink with garbage disposal completes the functionality of the space. See floor plan and full details here.