Historically, the PILOT charges in Battery Park City have reduced the value of the Condos
However, this is starting to change
Remember, most of BPC s relatively new. When other new buildings are built in Manhattan, their common charges are discounted for the first few years. Many of those discounts are now expiring and their common charges are about the same as Battery Park city.
Since 9/11, the area has experienced a transformation. New stores, new condos, new transportation hubs. This is an area about to explode in value.