ABC7 New York on MSN
Questions persist after Gov. Hochul proposes tax on second homes in NYC worth more than $5M
High-rise condos purchased for tens of millions are routinely assessed for a tiny fraction of their market value, which could ...
The proposed tax would apply to second homes valued above $5 million, with higher rates for properties exceeding $15 million ...
NYC Mayor Mamdani Announces First-Ever “Pied-à-Terre Tax” — Targets Ultra-Rich Property Owners
A major shift in New York City’s tax policy just dropped, and it’s already stirring intense debate across political and ...
The proposal risks affecting about 13,000 properties, with brokers warning it will damp demand in a key segment of the market ...
Economic turbulence shook the US real estate market this year, but New York City’s luxury market enjoyed sunny skies. Sales of Manhattan homes priced at $4 million and above totaled nearly $12 billion ...
According to Savills, New York City was the number-one location globally for luxury store openings in 2025, with Madison and ...
One Manhattan broker is seeing more families relocating from Dubai, which experienced an enormous post-COVID market surge.
6don MSN
'We're taxing the rich': NYC Mayor Mamdani touts new $500M-a-year tax on luxury second homes
NYC Mayor Zohran Mamdani celebrates Gov. Hochul's proposed tax on ultra-wealthy owners of luxury second homes, expected to ...
The end of 2025 saw New York City dethroned as the capital of million-dollar listings, with Miami emerging as the major US metro boasting the most seven-figure properties for sale. By December 2025, ...
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