Real Estate
Real estate insiders reveal the real cost of Mamdani’s pied-à-terre tax — and what it’s really doing to NYC
It’s only been a month Mayor Zohran Mamdani’s so-called “pied-à-terre” tax on second homes valued over $5 million took effect, and the city’s real estate market is already reeling.
A-list New Yorkers named on Mamdani’s potential pied-à-terre tax list include supporters like Cynthia Nixon, Anna Wintour
A veritable who’s-who of the Big Apple’s upper crust — from movie stars to billionaire philanthropists — were named and had their addresses revealed on a list of New Yorkers who might be subject to the state’s new pied-à-terre tax.
Mamdani publishes names and addresses of all NYC property owners who could be hit with new pied-à-terre tax
Mayor Zohran Mamdani’s administration has published a searchable database of Big Apple properties that could fall under the state’s new pied-à-terre tax, effectively doxxing thousands of wealthy New Yorkers.
Exclusive | Manhattan poker bro sued by ritzy neighbors after ignoring $87K in fines for turning $4M condo into weed den: suit
Alleged pot-head Chau Shing Lam — who paid $4.15 million for a condominium unit in a smoke-free Kips Bay building — has been smoking cigarettes and weed at all hours of the day and night and burning up his Kips Bay neighbors’ patience.
Exclusive | Landlord sues upscale ‘squatters’ in luxe NYC tower who racked up a colossal $78K in back rent
Two deadbeat residents are squatting in a swanky Central Park South tower, having racked up an eye-popping $78,375 in back rent, according to a new NY Supreme Court lawsuit.
New York State house prices reach highest ever recorded — with staggering average cost
New York State house prices are now the highest ever recorded, with the median cost of a home in the Empire State now close to $500,000.
Exclusive | How a leaky toilet spiraled into a NYC apartment left in ruins and a 9-year lawsuit seeking $750K in damages
It was June in 2017, and Gary Paul was enjoying his morning paper on the toilet when he noticed water dripping from above.
Exclusive | Developer of buckling NYC building facing $376M claims for ‘life-threatening’ shortcuts at celeb enclave
MetroLoft, the developer behind the Manhattan high rise that suddenly buckled on Tuesday, is facing a $350 million-plus lawsuit at star-studded 443 Greenwich St., home to names including Rebel Wilson, Harry Styles and Meg Ryan over the last decade.
Exclusive | Inside the swanky midtown building near Billionaires Row where staff finally said enough and walked out
Doorman, porters and staff at a luxury Midtown Manhattan condo walked off the job this week, leaving residents to fend for themselves. Here’s what’s behind the walkout.
Exclusive | NJ’s suburbs are in a full-blown bidding war frenzy — with houses going 33% above asking
Homes across Maplewood, South Orange and Montclair are selling up to 36% over asking as buyers flee New York City for more space and manageable commutes.