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Manhattan Neighborhood: Battery Park City Real Estate Guide
 Due to my internet presence, I've been in the news recently. Last week I was interviewed by The Korean Broadcasting Network about Battery Park City the section of lower Manhattan that became famous on 9/11/01 because of it's proximity to The World Trade Center. Yesterday an interview I did ran in Metro New York about Battery Park City titled "On the Waterfront"
Ive mentioned Battery Park City in previous blogs but this blog is devoted to the unique Manhattan neighborhood.
Battery Park City is unique because it is on a portion of land that is leased by the city. Instead of paying real estate taxes, property owners in Battery Park City pay "PILOT" payment in lieu of taxes.
The common charges and "PILOT" varies from building to building depending on when the buildings were built and the time frame of the land leases.
The Korean Broadcasting Network interviewed me because the Korean government is interested in The Battery Park City model for Korea. Since I am a REALTOR® and not an urban planner I was only able to answer questions related to buying and selling condominiums and advantages of the Neighborhood. When I receive a tape of the interview I will post it here. In the meantime the links ... more

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