NYC Pied-a-Terre Tax 2026: What Trophy Buyers Pay
Key takeaways New York State announced its first pied-a-terre tax on April 15, 2026, under Mayor Zohran Mamdani and Governor Kathy Hochul. The tax is an annual surcharge on one to ...
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Expert analysis on New York's premier real estate, Billionaires' Row trophy condos, Downtown new developments, and the ultra-luxury townhouse market.
Key takeaways New York State announced its first pied-a-terre tax on April 15, 2026, under Mayor Zohran Mamdani and Governor Kathy Hochul. The tax is an annual surcharge on one to ...
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Mortgage rates eased to 6.18% in March, the housing market tilted toward buyers, and even people who could write a check chose to finance ...
Key takeaways Ultra high net worth buyers from Dubai and Saudi Arabia are increasingly purchasing trophy properties in Manhattan and Miami, ...
Key takeaways Manhattan trophy condominiums often incur combined common charges and real estate taxes of $15 to $40 per square foot per ...
One number does more work in Manhattan real estate than any other. In 2019, Ken Griffin paid a publicly reported $238 million for a ...
A foreign buyer can wire $50 million for a Central Park view and still get turned away at the door. Not by the market, by a co-op board ...
Key takeaways 111 West 57th Street on Billionaires' Row rises 1,428 feet with a height to width ratio of about 24 to 1, making it the most ...
Two buildings sit a few hundred feet apart on the southern edge of Central Park. One is a limestone cooperative from the 1920s where a sale ...
Look at the closing records along West 57th Street and the buyer pool reads like a who's who of finance and global capital. Look at the ...
The triplex penthouse at Central Park Tower has carried a $250 million asking price since the fall of 2022. As of January 2026 it still has ...
Key takeaways Ken Griffin's 2019 purchase of a roughly $238 million penthouse at 220 Central Park South remains the record high sale for a ...
Key takeaways A direct protected Central Park view on Billionaires' Row typically adds about 25 to 60 percent in value compared with a ...
Tax update (June 2026): New York has enacted a pied-a-terre surcharge on high-end second homes. For how the new tax affects Manhattan ...
The conventional wisdom says half a million dollars won't buy you much in Manhattan. The conventional wisdom is partly right, and almost ...
There are plenty of condos and apartments for sale in NYC. Brownstones, however, are also a very popular in the New York City housing ...
Sales Hit 2-Year High While Buyers Favor Cash Market Conditions The Manhattan real estate market continued its rebound in Q2 2025, with ...
Updated: May 2026 The NAR Settlement Changed How Buyer Rebates Work In August 2024, a landmark NAR settlement took effect, decoupling buyer ...
Most people who buy a home need a loan to help pay for it, and the type of loan that you get can impact how much money you pay in total for ...
In Short Buying a foreclosed home in NYC requires five steps: (1) identify foreclosure type, pre-foreclosure, judicial auction, or REO; (2) ...
Co-Op"> The New York City housing market is not for the faint of heart. Once you have checked out the condos and apartments for sale in ...
First-Time Home Seller"> Last year, in 2020, a total of 5.64 million existing homes, meaning they'd already been lived in by their ...
You deserve to treat yourself to the exceptional dining experience at Buddakan restaurant. As one of the best Manhattan restaurants, ...
Madison Square Park has become the epicenter of cool in Manhattan and home to NYC's tech industry. The area is bustling day and night, ...
We have been very vocal about our excitement that Park Loggia, a new condo building in NYC, will be ready for occupancy by the end of the ...
Successfully buying rental property in any area begins with a proven strategy, and when you buy rental property in NYC it’s crucial to know ...
In Short NYC's 421-a tax abatement reduces real-estate taxes 25-100% for new residential construction across 10/15/20/25-year tiers. While ...
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