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

Darrell Green

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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.