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Tuchman Korngold Weiss Liebman & Gelles LLP

6 East 45Th Street 7Th Floor

New York, New York 10017

United States

Company Description

The law firm of Tuchman, Korngold, Weiss, Liebman & Gelles, LLP, ("TKWLG") is a New York City based law firm in existence since 1949. The primary area of focus is Real Estate Tax Reduction Proceedings ("Tax Certiorari"). In addition to Tax Certiorari, o ... more

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Background Information


Board Member
Greater New York , Inc.

Board Member
Associated Builders

Bar Leaders

Web References (26 Total References)

"Memo of understanding" needed for 421a ... [cached]

"Memo of understanding" needed for 421a says Korngold Tax Attorney Paul Korngold with B'nai B'rith Real Estate Board

"Memo of understanding" needed for 421a says Korngold
421a is a necessity but it's fate remains an uncertainty, said Paul J. Korngold, partner at Tuchman, Korngold, Weiss, Leibman & Gelles, while addressing the a B'nai B'rith Real Estate luncheon last week at the Cornell Club in Midtown.
"What happened most recently was that, when the 421a law was renewed last summer, there was a provision in the law that says, the law is good for any work that starts December 31, 2015. But if you don't start by December 31, 2015, the law is subject to the unions and REBNY."
Korngold clarified the comments, adding, "It didn't exactly say that, it said the largest residential ownership group, which is REBNY." Korngold said that the two sides were tasked with "coming to a memo of understanding as to the use of union labor."
"Guess what didn't happen," Korngold continued.
Korngold said that politics are part of what's holding up a solution and eferenced the tug-of-war between Mayor Bill de Blasio and Governor Andrew Cuomo.
"It's unclear what's going to happen in the spring after the legislature has looked at this after the budget is passed as to whether or not there's going to be a renewal of 421a," said Korngold.

"Under the 421-a law, in the ... [cached]

"Under the 421-a law, in the 100 percent years, a new building pays on the assessed value in the year before commencement of construction of the building. So the exemption is equal to the increase in value between the old assessment and the new building," said real estate attorney Paul Korngold with Tuchman, Korngold, Weiss, Liebman & Gelles.

According to Paul Korngold, ... [cached]

According to Paul Korngold, a partner at Tuchman, Korngold, Weiss, Lippman & Gelles, LLP, a Manhattan-based tax certiorari and real estate law firm, "In the 1980′s, the New York State Legislature recognized the importance of maintaining cooperatives and condominiums and thus expanded the program to allow all new cooperatives and condominiums as well as existing middle income cooperatives and condominiums to obtain the tax benefits of J-51 for maintaining their building systems."

Paul J. Korngold | TKWLG [cached]

Paul J. Korngold

Paul J. Korngold
Paul J. Korngold
Paul J. Korngold
Paul J. Korngold has been with TKWLG since 1973 initially as a summer associate and subsequently became an associate attorney upon his law school graduation. He became a partner in 1983.
A past president of the Real Estate Tax Review Bar Association, Mr. Korngold is also a former adjunct instructor of law at New York Law School.
Mr. Korngold is admitted to practice law in the State of New York and in the Southern and Eastern Districts of the United States District Court as well as the United States Supreme Court. He formerly served as a representative to the Network of Bar Leaders.
Although the firm is widely known for its concentration on New York City real estate tax matters, Mr. Korngold's expertise extends to all facets of New York City real estate matters, where he represents clients in contesting real estate tax assessments, DHCR matters, real estate transactions and all of the major tax incentive programs including 421-a, J-51 and ICIP/ICAP. Mr. Korngold also specializes in real estate tax projections and writing real estate tax opinion letters.
Mr. Korngold has served as chairman of the Law Committee of the Associated Builders and Owners of Greater New York and is a director of the New York State Builders Association, the Associated Builders and Owners of Greater New York and the Real Estate Tax Review Bar Association.
His many articles on J-51 real estate tax abatements and tax exemptions have appeared in the New York Law Journal and Mr. Korngold is frequently quoted as an authority on real estate tax matters in various publications including The New York Times and the Wall Street Journal.
Mr. Korngold has lectured on real estate tax certiorari, tax exemption and transactional real estate matters before many organizations including the Rent Stabilization Association, the New York County Lawyers Association, the New York Association of Realty Managers, the Council of New York Cooperatives & Condominiums, the Federation of Housing Cooperatives, the Bar Association of the City of New York, the Real Estate Tax Review Bar Association, the Community Housing Improvement Program and the Associated Builders and Owners of Greater New York.
Paul J. Korngold

Paul J. Korngold, Esq., ... [cached]

Paul J. Korngold, Esq., Partner Tuchman, Korngold, Weiss, Liebman & Gelles, LLP

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