Manhattan Luxury Market Resilient Amid Pied à Terre Tax Fears The proposed pied à terre tax in New York City has sent shockwaves through Manhattan's luxury real estate market.
While some predict a slowdown due to rising costs, others argue that the market's resilience will prevail.
Understanding the Pied à Terre Tax Fears The proposed tax change targets non resident owners of New York City properties, including luxury apartments and mansions in Manhattan.