NYC’s Luxury Housing Market Booms Despite Mamdani’s Pied-à-Terre Tax
It’s still early, but New York City’s luxury housing market is showing little sign of slowing after Mayor Zohran Mamdani’s new tax on high-value second homes took effect. The city’s first-ever pied-à-terre tax took effect on July 1, applying to non-primary residences valued at more than $5 million as part of the mayor’s larger effort […]