taxes


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(Credit: iStock)

What’s wrong with J-51? Plenty, landlord reps say

Developers usually flock to tax breaks. But there’s one program in New York that’s seeing increasingly less interest from...

Senator Brad Hoylman and Billionaires' Row (Credit: StreetEasy, NY Senate)

Pied-à-terre tax to make a return in Albany, lawmakers say

Manhattan State Sen. Brad Hoylman is not backing down. Months after a tax on second homes was shot down...

From left: New York Governor Andrew Cuomo, New York State senator James Sanders Jr., and New York City Mayor Bill de Blasio (Credit: Getty Images, iStock, and NY Senate)

“This program will either be a boom or a bust:” State senator has plans to redesign Opportunity Zones

UPDATE Monday, August 12, 2019, 11:47 a.m.: New York State senator James Sanders Jr. is laying groundwork in New York to modify the federal...

212 Fifth Avenue and Jeff Bezos (Credit: StreetEasy and Getty Images)

June was the best month ever for New York’s luxury market. July is another story.

There’s nothing quite like the looming threat of increased taxation to get real estate deals done. The sale of...

Tuscany, Italy (Credit: iStock)

Benvenuto! Why the number of high-net-worth individuals applying for Italian residency may spike

The number of ultra-wealthy taking up residency in Italy may surge this year. The influx of high-net-worth individuals is due to a new tax...

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For one month, Manhattan’s resi market returned to glory. Why it won’t continue.

During the last week in June, Tania Isacoff Friedland witnessed a mad rush to get deals inked. Buyers wanted...

Jersey City Mayor Steve Fulop (Credit: Getty Images)

Jersey City mayor’s ally is subject of grand jury inquiry into tax evasion

The arrival of Steve Fulop was a welcome sign to New Jersey developers and construction companies. The Jersey City...

No longer New Yorkers: Some are fleeing the tri-state and heading to lower-tax areas

It was early January — just weeks after President Trump’s tax bill went into effect — when Colby Gaines,...

“Everyone’s trying to sell before July," noted Vicky Barron of Compass. “It’s bonkers.” (Credit: iStock)

It’s deal frenzy before the taxman cometh

Buyers and sellers hoping to sidestep the state’s new taxes on high-end homes have a fast-disappearing window of opportunity....

Highbridge Rehabs at 1085 Anderson Avenue in the Bronx (Credit: Google Maps)

A landlord tasked to fix up NYCHA buildings owes the city $150M

NYCHA’s privatization push includes a landlord who still owes the city $148 million of unpaid property taxes. The city’s...

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