An initial push to tax expensive second homes in the Big Apple appears to have lost its momentum. Legislation for a pied- à -terre tax, which was o riginally introduced by New York State Senator Brad Hoylman in 2014, would hav…
It's tax season, and homeowners in some states are apparently getting hit harder than others due to President Trump’s revised tax legislation. During a press conference in early February, New York Gov. Andrew Cuomo argued that t…
It's been now over a month since Amazon's surprise decision to nix plans for its HQ2 in Long Island City , Queens. Following vehement opposition from local activists and several politicians, fallout from the split still lingers -- especi…
If state legislators get their way, wealthy people who own expensive second homes in the Big Apple may have to fork over more in taxes. This past Monday, Gov. Andrew Cuomo and other Democratic leaders in Albany announced their suppor…
All streaks eventually come to an end, and New York City's luxury residential sales are no exception. According to Olshan Realty's latest luxury market survey for the week of March 4-10, about 15 properties worth $4 million or more signed …
Unlike the residential markets in Manhattan and Brooklyn, co-op and condo sales in Queens have shown some resilience in 2018 -- but signs of trouble may be beginning to materialize. According to Douglas Elliman’s recent fourth quarter …
Updated 2/19/19 New York Gov. Andrew Cuomo wasn't the only person disappointed about Amazon pulling out of the controversial deal to bring its second headquarters to Long Island City. The online retailing giant’s surprising reversal…
A townhouse that belonged to Law & Order: SVU actress Mariska Hargitay was among some of the notable New York City luxury residential properties that signed into contract last week amid an ongoing trend of lackluster sales for that pa…
A new report released today by Douglas Elliman painted a less-than-rosy picture of Manhattan condo and co-op sales performance from the past five years. According to The Real Deal , Elliman's study stated that the annual number of…
Hedge fund billionaire Kenneth Griffin now has 238 million reasons to love his latest real estate purchase. This past week, The New York Times reported that Griffin, the founder of the investment company Citadel, recently paid $2…