Building Features
The Mink Building is home to more innovation-driven tenants than any other commercial building in New York. It is one of the few, true, leading commercial innovation buildings offering 150,000 rsf of state-of-the art facilities to a remarkable and diverse mix of bio and bio-tech, med-tech, climate-tech, deep-tech, advanced materials, health, education, design, and arts and culture users. Our robust infrastructure and superior accessibility, in a community anchored by leading public and private academic and research institutions, is available at a fraction of the cost of other buildings.
State-of-the-Art Infrastructure
State-of-the-Art Infrastructure
Robust electric, high-pressure gas, back-up power, private HVAC and bathrooms, bike room and shower, two GMP clean rooms, abundant storage and loading – Mink has it all.
RSF
150,000
Flexible Spaces
Flexible Spaces
From a shared floor to a four-person private lab or office to 35,000 rsf, Mink is your home.
As-of-Right andDiscretionaryEconomic Incentives
As-of-Right andDiscretionaryEconomic Incentives
Amenities
Amenities
Local amenities include Mink Padel, Hilton George Hotel, affordable housing, Plowshares Coffee Roasters, Communitas America and more to come.
Economic Incentives
Qualified tenants at the Mink Building benefit from the building’s enhanced ICAP real estate abatement status.
Tenants at the Mink Building are exempt from the occupancy tax that companies pay south of 96th Street. This exempts users from an annual tax of 3.9% of the rent, representing savings of up to $4 per square foot per year.
Mink Building tenants that relocate jobs from outside New York City or from below 96th Street in Manhattan are eligible to receive REAP business income tax credits equal to $3,000 per employee per year for twelve years. A company relocating 200 employees would receive a $600,000 per year income tax credit under REAP representing savings of between $15 and $30 per square foot per year.
Investments in the Zone allow for reduction or deferral of Capital Gains Taxes on other investments.
Access to financing opportunities can also be arranged with the NYC Economic Development Corporation, NYS Empire State Development, and the Upper Manhattan Empowerment Zone, including loans and grants.