Manhattan’s Ultra-Luxury Market Slows as New Second-Home Tax Unsettles Wealthy Buyers
Manhattan’s most expensive residential real estate market experienced a sharp weekly slowdown shortly after New York City’s new pied-à-terre tax took effect, fueling debate over whether the policy is discouraging wealthy buyers from purchasing luxury second homes. According to data, only one Manhattan property listed for more than $10 million entered contract between July 6 […]
