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Sundown, NY · Real Estate

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 · 146.9K 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

newyorkconstructionreport.com

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MTA seeks proposals for 300-unit housing development in Crown Heights

The Metropolitan Transportation Authority (MTA) is inviting developers to transform an underutilized MTA-owned lot at 1119 Pacific St. in Crown Heights into a residential development featuring approximately 300 new housing units. The project is made possible by the 2025 Atlantic Avenue Mixed-Use District (AAMUP) rezoning and aims to provide new homes while improving transit access and public spaces in the area.

New York, NY · 03-27

City Limits

publisher · 4.6K followers

‘Rent Freeze’ Is The Elephant In The Room as Rent Guidelines Board Kicks Off, And What Else Happened This Week in Housing

A report from the Rent Guidelines Board, which sets allowable rent increases for stabilized units in the city, showed that landlord net income was up—but not as much as last year. The “rent freeze” rhetoric that dominated the housing debate during last year’s mayoral race was absent from yesterday’s...

New York, NY · 03-27

brickunderground.com

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Cassidy Jensen joins Brick Underground as contributing writer

Hello, Brick Underground readers! I’m writing to introduce myself as a new contributing writer. I’ll be writing four stories per month about the ins and out of New York City residential real estate. When I’m not explaining housing for Brick, I work as a book researcher and freelance...

New York, NY · 03-26

bkreader.com

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State to Build 300 New Homes in Crown Heights

A Crown Heights parking lot used by the Metropolitan Transportation Authority will be transformed by the state into a new housing complex, ushering in about 300 new apartment units. Governor Kathy Hochul on Tuesday said the MTA is seeking proposals to transform an underutilized lot at 1119 Pacific Street into...

New York, NY · 03-25

hoodline.com

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Co-Living Player The Collective Crashes, Brooklyn And Queens Dreams Stall

The Collective, a once-ambitious co-living operator that lined up hundreds of planned units in Brooklyn and Queens, has officially buckled after a failed sale process, leaving several New York projects stuck in limbo. The wind-down highlights how a model built on shared amenities and aggressive growth assumptions struggled in the wake of pandemic-era occupancy drops and heavy debt.

Brooklyn, NY · 03-13

News 12

partner publisher · 479.2K followers

Last Saks Fifth Avenue on Long Island set to close in May

Huntington Station, NY · 03-12