“Terribly sloppy”: NYC brokers grapple with new pied-à-terre tax
New York City is facing a new tax on luxury second homes — and the brokers who trade them have mixed feelings about its impact. Earlier this week, legislators approved an annual levy on pieds-à-terre worth $5 million or more as part of the state’s budget. The tax will go into effect on July 1. The
The Daily Dirt: Hotel workers just got a raise big enough to make bankers jealous
The hotel union contract that was ratified last week has some New Yorkers reconsidering their career choices. Under the new eight-year agreement between the Hotel and Gaming Trades Council and hotel owners, some New York City hotel workers are on track to become six-figure earners by the early 2030s
NYC’s top deals: Broadway producer sells UWS mansion for $7M
There were 151 transactions totaling $262 million filed in New York City records in the 24 hours before 4 p.m. on Friday, May 29. Commercial: The top commercial real estate deal to hit records in the Big Apple was in Long Island City, where a 23,200-square-foot retail property at 47-15 34th Avenue s
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