“It’s going to hurt”: NYC resi players push back on proposed cash sales tax
Cash is king in New York City residential real estate, and could spell the next frontier for state lawmakers looking to levy new taxes. News circulated on Thursday that New York legislators have been considering a tax on homes in the five boroughs bought for $1 million or more without financing, a
NY Dirt: Latest pied-à-terre update like “a night at improv”
There’s been a lingering open question of how the city will implement a pied-à-terre tax. After Gov. Kathy Hochul’s latest proposal to legislators, it seems the question will remain open for two more years. The governor put forward a “two-step” plan, as reported by the New York Times. The first ste
NYC’s top deals: Brooklyn Heights townhouse sells for $13M
There were 152 transactions totaling $691 million filed in New York City records in the 24 hours before 4 p.m. on Friday, May 15, 2026. ? Commercial: The top commercial real estate transaction to hit records was in Midtown, where Gary Barnett’s Extell Development Company closed on the sale of a deve
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