Mamdani pitches property tax hikes if Albany doesn’t fix $5.4B budget gap  
To plug a more than $5 billion budget gap, Mayor Zohran Mamdani sees two options: Either raise taxes on corporations and New York’s wealthiest or increase property taxes by 9.5 percent while tapping into the city’s reserves. Gov. Kathy Hochul has rejected the former, which requires state action, an
Legion, Nahla’s 1122 Madison snag Manhattan’s top two deals
Legion Investment Group and Nahla Capital’s Upper East Side development snagged the two priciest deals inked in Manhattan last week. The condos at 1122 Madison Avenue topped a busy period for the borough’s luxury market, where buyers signed 31 contracts for properties asking $4 million or more betw
Pakistan back to drawing board with $4B Roosevelt Hotel plan
Pakistan is back to square one with its attempt to sell the multi-billion-dollar Roosevelt Hotel project site. The government’s privatization commission is once again trying to find a broker to help monetize the development site at 45 East 45th Street, just across from Grand Central Terminal — which
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