Pied-à-terre tax proposal rankles real estate
The latest bid to tap New York’s ultra-wealthy for more money landed with a thud in the city’s real estate circles. Gov. Kathy Hochul this week floated a pied-à-terre tax targeting second homes in New York City valued at $5 million or more, a proposal designed to generate roughly $500 million annual
What NYC can learn from other cities with pied-a-terre taxes
Gov. Kathy Hochul shocked the industry earlier this week by proposing an annual tax on pied-à-terres in New York City, targeting second residences valued at $5 million or more. Hochul isn’t the first New York politician to champion the levy as a way to pad the city’s coffers, though previous iterat
The Daily Dirt: After all that? Building workers reach tentative contract agreement
Denizens of our city’s unionized buildings can set down their trashbags. A tentative contract agreement was announced by the city’s building workers and owners, represented by Local 32BJ of the Service Employees International Union and the Realty Advisory Board on Labor Relations, respectively. The
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