§ 489-ffffff. Conversion of property. 1. Conversion from commercial to\nindustrial use. Where a property has been granted benefits for\ncommercial or renovation construction work, but such property is used as\nindustrial property before the benefits period expires, such property\nshall continue to receive benefits for commercial or renovation\nconstruction work.\n 2. Conversion from industrial use to commercial use. Where a property\nhas been granted benefits for industrial construction work, and where,\nbefore the benefit period expires, less than seventy-five percent of the\ntotal net square footage is used or held out for use for manufacturing\nactivities, no further benefits for industrial construction work shall\nbe provided except as provided in this subdivision. Taxes, together with\ninterest, shall become due and owing after such date of the use for\npurposes other than industrial, except as provided in this subdivision.\n (a) Any applicant whose property has been granted a tax abatement\nunder this title for industrial construction work in a special\ncommercial abatement area who would have been eligible to receive\nbenefits for commercial construction work at the time such applicant\napplied for benefits shall continue to receive an abatement for\nindustrial construction work.\n (b) Any applicant whose property has been granted benefits under this\ntitle for industrial construction work other than in a special\ncommercial abatement area who would have been eligible to receive\nbenefits for commercial construction work at the time such applicant\napplied for benefits shall, commencing with the date of conversion to\ncommercial property and continuing until the expiration of the benefit\nperiod for commercial construction work, receive any abatement which\nsuch applicant would have received in the corresponding tax year\npursuant to the benefits granted for commercial construction work.\n (c) Any applicant whose property has been granted benefits under this\ntitle for industrial construction work in any area of the city on whose\nproperty at least sixty-five percent of the net square footage continues\nto be used or held out for use for manufacturing activities after\nconversion to commercial property, shall not be required to pay the pro\nrata share of tax for which an abatement was claimed during the tax year\nin which such conversion occurred.\n (d) Where the property is receiving the additional industrial\nabatement pursuant to paragraph (e) of subdivision three of section four\nhundred eighty-nine-bbbbbb of this title, such additional industrial\nabatement shall cease from the date of conversion to commercial\nproperty.\n 3. Conversion to restricted use. Any applicant whose property has been\ngranted benefits for commercial, industrial or renovation construction\nwork, and who uses such property for any restricted activity prior to\nthe expiration of the benefit period, shall cease to be eligible for\nfurther abatement as of the date such property was first used for any\nrestricted activity. Such recipient of benefits that cease under this\nsubdivision shall pay with interest any taxes for which an abatement was\nclaimed after such date, including the pro rata share of tax for which\nany abatement was claimed during the tax year in which such use\noccurred.\n 4. Conversion to residential use. (a) Any applicant whose property has\nbeen granted benefits for commercial, industrial or renovation\nconstruction work and who, before the benefit period expires, uses the\nproperty or a portion of the property as residential property, shall\ncease to be eligible for further abatement for commercial, industrial or\nrenovation construction work as of the date such property was first used\nas residential property, as follows:\n (i) if twenty percent or more of the rentable square footage of the\nproperty is used as residential property, then the entire building shall\ncease to be eligible for further abatement;\n (ii)
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