Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What benefit does a property owner receive from having his/hers building Landmarked?

April 26, 2017benefit building landmarked owner Property

0

Posted

What benefit does a property owner receive from having his/hers building Landmarked?

1 Answer

0

Posted

• There is a reputation of quality and real estate marketability that is achieved when an owner’s neighborhood is officially designated as a landmark. Landmark property owners benefit from official commitment to historic preservation and the security of knowing that their property and neighborhood will not be negatively affected by rapid development trends in the future. Brooklyn Heights, Cobble Hill, Boreum Hill, and Park Slope are good examples of the positive effects of a landmark district.