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Hackensack, NJ · Real Estate

cityandstateny.com

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Upstate Dems push for pied-à-terre tax outside NYC

Upstate Democratic lawmakers want a piece of the extra revenue pie Gov. Kathy Hochul is serving New York City by taxing luxury second homes in the five boroughs. Last week, Hochul announced a new late budget fight (as she tends to do) – proposing a pied-à-terre tax on second homes in New York City worth $5 million or more that are not rented out full-time or listed as the owner’s primary residence. Details remain scarce with no official language released to lawmakers or the public, but Hochul estimates it will generate a recurring $500 million for the city per year to help chip away at a projected $5.4 billion deficit.

New York, NY · 04-22

therealdeal.com

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The Daily Dirt: Obstacles for Mamdani housing, tax plans

Mayor Zohran Mamdani faces some hurdles to get his housing plan and pied-à-terre tax through Albany. The housing plan, we keep hearing, is coming soon. A major issue will be how he intends to build 200,000 affordable homes over the next 10 years with union labor. His mayoral campaign’s...

New York, NY · 04-22

topclassactions.com

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Empire Hotel Group sued over hotel room prices that increase with hidden fees

Who: Plaintiff Miguel Frias filed a class action lawsuit against Empire Hotel Group LLC. Why: Frias alleges Empire Hotels misleads consumers with hidden fees, known as “drip pricing.”. Where: The Empire Hotel Group class action lawsuit was filed in New York federal court. A new class action lawsuit claims...

New York, NY · 04-22

BuzzFeed

partner publisher · 347.3K followers

MAGA Is Melting Down Over NYC’s New Luxury Tax Plan, But The Jokes About It Are Way Too Accurate

"This is actually one of the scariest things I have seen. It won't stop here." LOL right.

New York, NY · 04-17

nystateofpolitics.com

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Hochul’s 11th-hour tax pitch angers real estate, encourages legislature to push for more taxes

Gov. Kathy Hochul’s eleventh-hour state budget pitch for a new tax on second homes owned by out of towners is winning her support in the legislature — and skepticism from the real estate industry. The move is also encouraging some lawmakers to hold their ground on the larger...

New York · 04-17

qchron.com

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Residents seek co-op-eration

Members of Co-ops and Condos United of New York had a rally Wednesday afternoon at the Hilltop Village Co-op in Queens Village to push back on unfunded mandates such as Local Law 97; increasing taxes; and other laws and policy issues that penalize co-op and condominium owners. Among the CCU’s...

Queens, NY · 04-16

morningbrew.com

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NYC plans to tax rich people’s backup homes

Web-spinning spiders living in penthouses overlooking Central Park might soon see a tax on their dwellings. This week, New York Gov. Kathy Hochul and NYC Mayor Zohran Mamdani announced a proposed tax on non-primary residences in the Big Apple that are valued above $5 million. The measure would affect about...

New York, NY · 04-17

therealdeal.com

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Mamdani announces city-backed insurance option as rent freeze looms

Mayor Zohran Mamdani is offering struggling landlords an olive branch. The city will be standing up a publicly-backed insurance option aimed at rent-stabilized and affordable housing, City Hall announced Thursday. The insurance program will be capitalized with an unclear amount of city funds, but not directly managed by the city. The program will offer property and liability insurance premiums 20 to 30 percent lower than the existing market, city officials estimate.

New York, NY · 04-16

bkreader.com

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Proposed Tax Targets NYC’s Wealthy Second Home Owners

Governor Kathy Hochul on Wednesday proposed to install the state’s first pied-à-terre tax, a major step toward closing New York City’s $5.4 billion budget gap. The pied-à-terre tax will levy an annual surcharge on one- to three-family homes, condominiums and co-ops valued above $5 million when owners have a separate primary residence outside of New York City.

New York, NY · 04-15

The American Bazaar

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Second homeowners in NYC will have to pay extra taxes

Homeowners in New York City with a second home may soon have to pay extra taxes. Gov. Kathy Hochul has proposed adding an extra levy on people who own second pricey homes in the Big Apple — as its young socialist mayor calls for more taxes on New York’s highest earners.

New York, NY · 04-15

1010WINS

partner publisher · 100.5K followers

Hochul backs tax on NYC second homes worth $5 million-plus

New York, NY · 04-15

PIX11

partner publisher · 146.8K followers

FTC urged to address ‘deceptive’ rental fees: ‘rent is already too high,’ state AGs say

NEW YORK CITY (PIX11) — Attorneys General from multiple states, including New York Attorney General Letitia James, are calling on the Federal Trade Commission to address “unfair and deceptive fee practices” in the rental housing market. In a letter to the FTC, the coalition of Attorneys General called for a rule to require the clear […]

New York · 04-14

therealdeal.com

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TRD PolicyPro: Pied-à-terre tax push, lawmakers float $10K fee to demolish units

This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hey there, let’s get into today’s news at the intersection of policy and real estate:. Gov. Kathy Hochul is making an eleventh-hour push for...

New York, NY · 04-15

Gothamist

partner publisher · 28.5K followers

Hochul floats tax on NYC second homes worth $5M or more

Gov. Kathy Hochul holds a news conference during a tour of the new Sol Apartments building on Tuesday, April 14, 2026. The proposal targets luxury pied-à-terre properties, which could raise $500 million as state budget talks run weeks late. [ more › ]

New York, NY · 04-15

wheninyourstate.com

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High costs and taxes are pushing more moves out of New York and California

When bills keep climbing, people start doing hard math. For many families in New York and California, that math now includes rent, taxes, child care, insurance, and whether staying put still makes sense. The bigger point is this story feels so personal. New York and California remain economic giants, but...

California · 04-10

therealdeal.com

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Antitrust lawsuit fallout fails to dent New York agent commissions

More than a year has passed since several New York City-based brokerages and trade groups settled a wave of antitrust lawsuits over broker commissions, and predictions about the hit on commission rates have so far not come true. The average commission charged by agents in New York is roughly 5.7...

New York · 04-04

therealdeal.com

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Help for rent-stabilized landlords appears unlikely as Mamdani’s board kicks off

Data released by New York’s Rent Guidelines Board, which sets rent increases in the city’s nearly 1 million regulated apartments, is something of an Rorschach test. Everyone sees what they want to see. Tenant advocates seize on the topline number: a 6.2 percent increase in net operating income...

New York, NY · 04-02

City Limits

publisher · 4.6K followers

Opinion: Expanding the J-51 Tax Incentive is Key Co-ops Staying Affordable—And Becoming Sustainable

“By passing the expanded J-51 proposal in this year’s budget, the governor and legislature have a chance to help co-ops afford the energy upgrades mandated by Local Law 97, keep monthly maintenance fees from skyrocketing, and enable residents to continue affording their homes.”. Nonprofit co-operative housing has long provided...

New York, NY · 04-02

therealdeal.com

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TRD PolicyPro: City Council to form co-op and condo caucus

New York, NY · 03-31

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