New York 485-x filings cluster at 99 units to avoid wage rule
Latent Urban found 49 registered projects at exactly 99 units across the April and October releases
New York City
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NYC buyers caught in the middle of StreetEasy, Compass listing fight
Compass pulled listings in August, StreetEasy also capped Experts participation at 20% per firm
Appeals court reboots NYC pied-à-terre tax rollout after pause
New York City’s ultra-rich started the week with a reprieve from having to prove residency to avoid a pied-à-terre tax. But as the week ends, the reprieve itself proved fleeting. A state appeals judge yanked back the roadblock on Mayor Zohran Mamdani’s tax plan Thursday afternoon in a Staten Island court. Brought by three homeowners, […]
Squeezed NYC affordable housing properties face reckoning
New York City’s regulated affordable housing sector is confronting a worsening financial squeeze, and a reckoning is coming unless solutions emerge, according to a new survey of owners, managers, lenders and other industry participants. The survey by affordable housing nonprofit NYC Housing Partnership found that 62% of respondents said operating costs have risen to unsustainable […]
NYC buildings agency inspects 180 sites, no imminent hazards
Last month’s structural near-disaster at the former Pfizer headquarters being converted to apartments set off a sweeping inspection of construction sites across New York City. Inspectors checked at 180 sites in all, according to the Department of Buildings. Inspectors found violations, but “we did not find any hazardous structural issues posing an imminent danger to […]
New York City posts notice of new tax levy to pied-a-terre owners
Tax attorneys and accountants are about to make bank helping owners of non-primary homes navigate New York City’s pied-à-terre tax notifications, which started landing in mailboxes before the weekend. “If you have a second home in New York City worth more than $5 (million), check your mailbox when you’re back in the five boroughs – […]
Deed theft remains a growing threat for seniors, Black homeowners
A New York City attorney lays out red flags that real estate agents and title agents should remain on the lookout for.
New brokerage Showings bets on buyer leads over listing commissions
Showings said its aims to modernize the selling experience through a fee-free structure “centered on savings, efficiency and buyer activity.”
Will new tax on ultra-luxury NYC homes derail red-hot demand?
The proposed tax would apply to second homes valued above $5 million, with higher rates for properties exceeding $15 million and $25 million.
NYC ultra-luxury market surges amid global unrest
One Manhattan broker is seeing more families relocating from Dubai, which experienced an enormous post-COVID market surge.