City of New Rochelle Awards Financial Services Contract to Brp 466 Main Street LLC (June 2026)
City of New RochelleCity · New Rochelle, NY- Disclosed value
- IDA financial incentive package valued at approximately $62,045,680 (including $51,503,462 in property tax savings, $8,600,707 sales tax exemption, $1,941,512 mortgage recording tax savings)
- From agendapacket
- Approved
- Jun 24, 2026
The 30-second brief
The New Rochelle Industrial Development Agency approved a straight‑lease transaction and financial assistance package for BRP 466 Main Street LLC’s 489‑unit mixed‑use project at 466 Main Street. The package includes a 25‑year PILOT with a deviated abatement schedule, sales and use tax exemptions up to $8.6 million, and a mortgage recording tax exemption estimated at $1.94 million.
Brp 466 Main Street LLC holds this financial services contract with City of New Rochelle.
Term as filed: 25-year PILOT term; Sales and Use Tax Exemption agent status through December 31, 2029; mortgage tax exemption term per financing documents.
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Contract details
- Contract type
- Financial Services
- Amount
- IDA financial incentive package valued at approximately $62,045,680 (including $51,503,462 in property tax savings, $8,600,707 sales tax exemption, $1,941,512 mortgage recording tax savings)
- Document date
- June 24, 2026
- Term
- 25-year PILOT term; Sales and Use Tax Exemption agent status through December 31, 2029; mortgage tax exemption term per financing documents
- Vendor
- Brp 466 Main Street LLC
- Agency
- City of New Rochelle
- Source document
- New Rochelle Industrial Development Agency AgendaPacket BRP 466 Main Street LLC Project 2026-06-24 (AgendaPacket)
Brp 466 Main Street LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of New Rochelle?
Brp 466 Main Street LLC was awarded this financial services contract by City of New Rochelle, as recorded on June 24, 2026. The contract value is IDA financial incentive package valued at approximately $62,045,680 (including $51,503,462 in property tax savings, $8,600,707 sales tax exemption, $1,941,512 mortgage recording tax savings).
How much is the Brp 466 Main Street LLC contract with City of New Rochelle worth?
The Brp 466 Main Street LLC contract with City of New Rochelle is valued at IDA financial incentive package valued at approximately $62,045,680 (including $51,503,462 in property tax savings, $8,600,707 sales tax exemption, $1,941,512 mortgage recording tax savings), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in New Rochelle Industrial Development Agency AgendaPacket BRP 466 Main Street LLC Project 2026-06-24 (AgendaPacket), dated June 24, 2026 from City of New Rochelle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Brp 466 Main Street LLC hold?
Brp 466 Main Street LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of New Rochelle currently buying?
Explore City of New Rochelle's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.