Manhattan High-End Real Estate Sales Rise Despite Proposed Pied-à-Terre Tax
High-end real estate sales in Manhattan have increased, with contracts for apartments priced at $4 million or more rising slightly compared to the same period last year. Contracts for properties valued over $10 million surged by 80%, despite concerns from brokers and business leaders about New York Mayor Zohran Mamdani's proposed pied-à-terre tax.
Topics: Manhattan real estate New York City politics pied-à-terre tax proposal