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MegadealsSubsidy Tracker Individual Entry
Company: 75 E. Hoffman Property Owner LLC
Parent Company:
Subsidy Source: local
Location: New York
City: LINDENHURST
Address: 75 E. Hoffman Avenue
Zip: 11757
Project Description: Other Categories; Part of the redevelopment of downtown Lindenhurst Village. The acquisition and demolition of seven (7) existing buildings, containing an aggregate total of approximately 121,185 square feet , located at 75, 85 and 95 East Hoffman Avenue, 165 and 175 South Pennsylvania Avenue, and 90 and 95 Mal Drive, Lindenhurst; and the acquisition, construction, equipping and furnishing of a new, multi-family residential rental housing facility on the Project Site containing approximately 331,988 square feet, consisting of 260 units ((26) units of which will qualify as work force housing). PILOT begins 2020-2021.
Year: 2019
Subsidy Value: $551,330
Program Name: Industrial Development Agencies
Awarding Agency: Babylon Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 0
Wage Data: $57,260
Wage Data Type: yearly salary
Capital Investment: $102,639,805
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
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