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therealdeal.com

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“Agents can get lost in the sauce”: NYC’s indie firms push back on consolidation

As consolidation reshapes residential real estate, smaller firms in New York are touting new opportunities — and betting their survival on the rising tide of giants helping them stand out. Earlier this week, Corcoran president and CEO Pam Liebman and Brown Harris Stevens CEO Bess Freedman traded jabs on...

New York, NY · 05-09
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cityandstateny.com

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Hochul’s housing commissioner touts environmental review reforms at affordable housing event

Gov. Kathy Hochul’s newly announced (and mostly finished) state budget deal was the talk of City & State’s Affordable Housing Summit on Thursday. “There’s a buzz in the air, the big news of the governor’s announcement,” said Edith Hsu-Chen, executive director of the New York City Department of City Planning.

New York, NY · 05-08
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News 12

partner publisher · 479.4K followers

‘Prepare for fewer repairs.’ Property owners say rent freeze will price out preventative maintenance

New York · 05-09

roi-nj.com

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NAI Hanson Management lines up three new assignments in New Jersey and New York

NAI Hanson Management, the property management arm of NAI James E. Hanson, has been selected to manage three new properties totaling more than 591,000 square feet across New Jersey and New York. The new assignments are Golden Triangle Logistics Center, a newly constructed 535,603-square-foot industrial building in Middletown, N.Y.; 136-160...

New Jersey · 05-08
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City Limits

publisher · 4.6K followers

Rent Guidelines Board Takes Step Toward A Rent Freeze

The Rent Guidelines Board pushed the mayor’s rent freeze promise forward Thursday night, advancing a preliminary range of rent levels that includes no increase for the city’s rent stabilized tenants. They will vote on a final number in June. The magic number is “zero” for supporters of a...

New York, NY · 05-08

Newser

partner publisher · 21.3K followers

Tax Man Coming for High-End 2nd Homes in NYC

(This content was created with the help of AI.) New York's latest budget deal takes direct aim at President Trump's immigration crackdown, as well as luxury pieds-à-terre. Gov. Kathy Hochul on Thursday unveiled a tentative $268 billion agreement that includes a new surcharge on multimillion-dollar second homes in New York City, a notable move for a governor who has repeatedly said she doesn't want to raise taxes, per the New York Times. The levy is designed to collect about $500 million a year to help plug the city's projected $5.4 billion deficit. Hochul hasn't said exactly which second homes...

New York, NY · 05-07

NBC Palm Springs

partner publisher · 14.4K followers

The Billion-Dollar Feud: Real Estate Titans Compare NYC’s ‘Tax the Rich’ Campaign to Racial Slurs

NEW YORK, NY — A high-stakes war of words has erupted between New York City’s highest office and its most powerful real estate and financial moguls. Mayor Zohran Mamdani, the city’s first Democratic Socialist mayor, has ignited a firestorm with a permanent proposal to tax luxury "pied-à-terre" second homes valued at over $5 million.While the proposal aims to close a massive $5.4 billion inherited budget deficit, the rhetoric surrounding the campaign has triggered a visceral reaction from the city's business elite. Steven Roth, CEO of Vornado Realty Trust, sparked immediate controversy on Tuesday during an earnings call by comparing the phrase "tax the rich" to the most heinous forms of hate speech."I consider the phrase ‘tax the rich’ when spit out with anger and contempt... to be just as hateful as some disgusting racial slurs," Roth stated, further equating the slogan to antisemitic threats.The $238 Million TriggerThe feud reached a fever pitch after Mayor Mamdani released a campaign-style video filmed directly in front of Ken Griffin’s record-breaking $238 million penthouse. The Mayor singled out the property as a symbol of a "fundamentally broken" system where the ultra-wealthy store wealth in empty residences while avoiding city and state income taxes.Griffin, the

New York, NY · 05-07

habitatmag.com

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Gov. Hochul Wants to Base Pied-a-Terre Tax on Sale Price, Not Assessed Value

There's a new wrinkle in the battle over how — and whether — to impose a pied-a-terre tax on the pricey, largely vacant second (or third or fourth) homes of people who own New York City co-ops and condos. Gov Kathy Hochul is backing off the original plan...

New York, NY · 05-05

newyorkconstructionreport.com

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State launches community workshops to shape Aqueduct Racetrack redevelopment master plan in Queens

New York State has launched a community engagement and site planning process for the approximately 100-acre Aqueduct Racetrack site in South Ozone Park, Queens, kicking off a series of workshops that will help guide the future of one of the largest state-owned redevelopment opportunities in New York City. The initiative,...

New York · 05-07

spectrumlocalnews.com

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State Sen. Fahy: Proposed upstate wealthy real estate tax would impact investor properties valued at $2.5M and above

Gov. Kathy Hochul has floated a tax on expensive second homes in New York City to generate extra revenue. Albany-area Democratic state Sen. Pat Fahy has proposed a similar effort to raise revenue for upstate municipalities. The bill number is S10197. She spoke with Capital Tonight’s Susan Arbetter about her...

New York, NY · 05-05

nystateofpolitics.com

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State Sen. Fahy: Proposed upstate wealthy real estate tax would impact investor properties valued at $2.5M and above

Gov. Kathy Hochul has floated a tax on expensive second homes in New York City to generate extra revenue. Albany-area Democratic state Sen. Pat Fahy has proposed a similar effort to raise revenue for upstate municipalities. The bill number is S10197. She spoke with Capital Tonight’s Susan Arbetter about her...

New York, NY · 05-05

therealdeal.com

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TRD PolicyPro: Eviction bill draws NYAA warning, Hochul revises pied-à-terre tax

This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hi there, let’s get into today’s news at the intersection of policy and real estate:. The so-called Clean Hands Act rattles the New York...

New York · 05-04

cityandstateny.com

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Seeking SEQR, with Mamdani’s housing commissioner

With the state budget now over a month late – and just days away from officially becoming Gov. Kathy Hochul’s latest spending plan of her tenure – some of the biggest sticking points appear to be close to a resolution. Among them is Hochul’s proposed reform to the state’s environmental review law, a half-century-old measure whose onerous requirements have been blamed for holding up crucial housing and infrastructure projects.

New York, NY · 05-04

mortgageresearch.com

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Down Payment Assistance Programs in New York 2026

New York’s real estate market is as diverse as the state itself, from the dense neighborhoods of New York City to the suburban communities of Long Island and the more affordable markets upstate. For many prospective buyers, especially first-time homeowners, understanding both the housing landscape and the programs available to reduce upfront costs is essential.

New York · 05-02

Times Union

partner publisher · 15.6K followers

New York bill would tax luxury second homes outside of NYC

A New York bill would let municipalities tax luxury second homes over $5 million to raise revenue and support year-round communities.

New York · 05-01

94.3 Lite FM - Feel Good Variety While You Work

partner publisher · 55.0K followers

New York Housing Crisis: Old Hospital In Hudson Valley To Create 1,000 Homes

A long-vacant hospital in the Hudson Valley is finally being transformed, with hundreds of new homes and major upgrades planned.

Port Chester, NY · 05-01

therealdeal.com

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For co-ops, pied-à-terre tax leaves more questions than answers

This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. New York lawmakers have chased a tax on high-priced second homes for over a decade. A pied-à-terre tax nearly crossed the finish line in 2019 — until political momentum evaporated as quickly as it was built. Legislative leaders blamed administrative headaches, with co-op buildings a key sticking point.

New York · 05-01

wamc.org

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Hochul, lawmakers near deal to speed up NY housing projects

Gov. Kathy Hochul and legislative leaders are nearing a deal to eliminate a lengthy environmental review for certain housing and infrastructure projects, a move the governor hopes will get apartments and condos built more quickly. The measure is expected to be included in a final state budget agreement, according to...

New York · 04-30