Manhattan Luxury Market Booms Despite Mayor Mamdani’s New Tax on Second Homes

Manhattan Luxury Market Booms Despite Mayor Mamdani’s New Tax on Second Homes Despite New York City’s first ever pied-à-terre tax on upscale properties worth over $5 million, the city’s luxury real estate sector remains unbowed—in fact, it is booming. The tax championed by Mayor Zohran Mamdani went into effect July 1, but Manhattan’s luxury market
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