High-end strip joints such as Manhattan’s Penthouse Executive Club enjoying huge tax breaks

Its bevy of gorgeous lap dancers and luxurious decor have made Manhattan’s Penthouse Executive Club one of the city’s hottest high-end strip clubs. But until now, few people realized taxpayers have been subsidizing the fantasy sex. Shortly after the club opened on W. 45th St. a few years ago, city officials granted property owner Swingtime LLC a partial property tax exemption, city records show.