The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate
Miller Samuel
MARCH 19, 2019
January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). The market value of these properties will be based on a "comparable sale-based valuation method." The 2014 whitepaper doesn't consider this but instead presents the tax in a vacuum as if market forces don't respond.
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