OZ Overview
OZ 555 W 57th Street is one of only two buildings in Manhattan to offer a large block of commercial space for lease in an Opportunity Zone. 1. Business types A variety of tenants, such as the types outlined below, may qualify for tremendous tax benefits by taking space in a property within an Opportunity Zone, such as 555 W 57th Street. • An investor, private equity fund, venture capital firm or parent company looking to defer and/or eliminate a realized capital gain. • A start-up business or new subsidiary of a parent company seeking to eliminate any tax gain on the appreciation of the business. 2. Tax incentives If your company falls within one of these business types it is important to be aware of the enormous tax incentives that are available to your company, or a new subsidiary, by becoming a tenant of 555 W 57th Street. A tenant leasing space in an Opportunity Zone may enjoy three major tax benefits:
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• Tax Exemption (on appreciation) at Sale of your business • Deferral of Capital Gains • Reduction of Capital Gains
OZ
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