sentences:  After construction Belaire enjoyed property tax reduction for 10 years as result of Section 421-a tax exemption certificates, a New York City affordable housing program.This become possible as another company has rehabilitated 30 apartments at Spring Creek Gardens complex in East New York and sold resulting tax benefits to the Zeckendorf Company., residents included novelist Carol Higgins Clark (38th floor); developer Arthur W. Zeckendorf (42nd floor); former Bloomingdale's CEO and Chairman Marvin S. Traub; once-jailed junk-bond king Ivan Boesky; "Cigar Aficionado" and "Wine Spectator" magazines publisher Marvin R. Shanken and Cleveland Indians manager Manny Acta, and Ex-President of Pakistan Asif Ali Zardari.