§ 421-g. Exemption from local taxation of certain multiple dwellings.\n1. When used in this section:\n (a) "Aggregate floor area" shall mean the sum of the gross areas of\nthe several floors of a building, measured from the exterior faces of\nexterior walls or from the center lines of walls separating two\nbuildings.\n (b) "Applicant" shall mean any person obligated to pay real property\ntaxes on the property for which an exemption from or abatement of real\nproperty taxes under this section is sought or in the case of exempt\nproperty, the record owner or lessee thereof.\n (c) "Benefit period" shall mean the period of time when a recipient is\neligible to receive benefits pursuant to subdivisions two and three of\nthis section.\n (d) "Certificate of eligibility" shall mean the document issued by the\ndepartment of housing preservation and development certifying a tax lot\nas eligible for benefits pursuant to this section.\n (e) "Commencement of conversion" shall mean the date of issuance by\nthe department of buildings of a building permit for the conversion of a\nnon-residential building to an eligible multiple dwelling, provided\nhowever that such permit is issued on or after July first, nineteen\nhundred ninety-five and no later than June thirtieth, two thousand six.\n (f) "Completion of conversion" shall mean the date of issuance by the\ndepartment of buildings of a temporary or permanent certificate of\noccupancy for the portion of the building for which an application for a\ncertificate of eligibility is filed.\n (g) "Eligible area" shall mean any area of a city having a population\nof one million or more persons in which, subject to the applicable law\ngoverning zoning in such city, tax benefits pursuant to this section for\neligible multiple dwellings are available, provided, however, that in\nthe city of New York, subject to the applicable law governing zoning in\nsuch city, the eligible area in which tax benefits pursuant to this\nsection for eligible multiple dwellings are available shall mean the\narea in the borough of Manhattan bounded by Murray Street on the north\nstarting at the intersection of West Street and Murray Street; running\neasterly along the center line of Murray Street; connecting through City\nHall Park with the center line of Frankfort Street and running easterly\nalong the center lines of Frankfort and Dover Streets to the\nintersection of Dover Street and South Street; running southerly along\nthe center line of South Street to Peter Minuit Plaza; connecting\nthrough Peter Minuit Plaza to the center line of State Street and\nrunning northwesterly along the center line of State Street to the\nintersection of State Street and Battery Place; running westerly along\nthe center line of Battery Place to the intersection of Battery Place\nand West Street; and running northerly along the center line of West\nStreet to the intersection of West Street and Murray Street.\n (h) "Eligible multiple dwelling" shall mean a class A multiple\ndwelling, except a hotel, created from conversion of a non-residential\nbuilding, provided, however, that such multiple dwelling is located\nwithin an eligible area, and provided further, however, that the\naggregate floor area of commercial, community facility and accessory use\nspace within such multiple dwelling does not exceed twenty-five per\ncentum of the aggregate floor area of such multiple dwelling.\n (i) "Non-residential building" shall mean a structure or portion of a\nstructure having at least one floor, a roof and at least three walls\nenclosing all or most of the space used in connection with the structure\nor portion of the structure, which has a certificate of occupancy for\ncommercial, manufacturing or other non-residential use for not less than\nninety per centum of the aggregate floor area of such structure or\nportion of such structure, or other proof of such non-residential use as\nis acceptable to the department of housing preservation and de
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