The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate
Miller Samuel
MARCH 19, 2019
The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since. That article came out in 2014 right as the housing market was peaking. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). Mayor Bill de Blasio gave it his blessing as well.
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