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1 Willoughby Square

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1WSQ

BUILDING

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UNPARALLELED INCENTIVES

1WSQ represents a rare coupling of New York City incentives with Class A new construction. Tax and energy savings create additional significant value for tenants.

REAPRelocation Employment & Assistance Program
$3KTAX CREDIT PER EMPLOYEEPER YEAR
ICAPIndustrial & Commercial Abatement Program
FOR NEWLY BUILD OR RENOVATED CONSTRUCTIONRENOVATED INDUSTRIAL
NO COMMERCIALRENT TAX
LOCATED IN ANOPPORTUNITY ZONE
ECSPEnergy Cost Savings Program
45%REDUCTION OF ELECTRIC& NATURAL GAS COST
BIRBusiness Incentive Rate
35%REDUCTION ONELECTRIC DELIVERY
CASE STUDYTotaling 29,000 RSF and 200 jobs
REAP$20
ICAP$6
Commercial Rent Tax Exemption$3
ECSP$1
TOTAL SAVINGSPER SFResults will vary case by case
$30