Comment Re:Profit (Score 4, Interesting) 227
What exceptions are you referring to? I can see why a landlord might not want to rent if the marginal operating costs (janitors, maintenance, tenant improvements, security, etc.) exceed the rents. But I'm not sure what tax benefits are realized by letting the building sit vacant if there are tenants who will pay rents that exceed marginal operating expenses. I can't imagine that there are any property tax benefits, and income tax is applied only on actual income. The landlord can claim depreciation on its returns regardless of occupancy. I'm genuinely curious. Does NY have some sort tax on gross revenues (like Washington's business and occupation tax)?