Green Roof Benefits New York City

Condominium abatements are divided among the individual condominium units.

Green roof benefits new york city.

Some of the cities most desirable neighborhoods are near green park space. A new york city guide to green roofs. New york city comptroller scott m. Nyc parks maintains more than 200 000 square feet of green roofs across the city.

Our collection of rooftop systems features native plants sedums green walls hydroponic towers a vegetable and herb farm and honeybee hives. Green roofs have vegetation that absorbs rainwater provides insulation and combats the heat island effect where urban environments have higher temperatures than surrounding areas. The department of finance administers the benefit. Stringer joined with state senator john liu and assemblymember nily rozic to push for the implementation of the green roofs tax abatement and catalyze the development of green roofs across the city.

The tax abatement is equal to 4 50 per square foot of green roof space. 100 000 or the amount of property taxes due for the building that tax year. We break them down with urban green council. The benefit is capped at whichever is less.

These green roofs reduce the city s heat island effect decrease energy costs improve air and water quality sequester carbon and provide habitat for urban wildlife. Nyc laws green roofs and solar panels two new laws in new york city will transform the city s rooftops helping to reduce carbon emissions and mitigate the harmful effects of our climate changing world. More and more tenants both commercial and residential are looking for outdoor space. The abatement length is one year.