New York Real Estate: Luxury Market Remains Active as Pied-à-Terre Taxation Evolves

31 August 2026

Manhattan’s high-end real estate market continues to show sustained activity despite a more selective environment. At the same time, changes in the taxation of certain non-primary residences are introducing a new consideration for buyers and investors in New York. 98 […]

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New York’s Pied-à-Terre Tax: Are Rental Property Investors Really Safe?

12 June 2026

Since New York State adopted the new Pied-à-Terre Tax as part of its 2026 budget, most attention has focused on wealthy owners of luxury second homes in Manhattan. However, the implementation rules recently proposed by the New York City Department […]

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New York’s New Pied-à-Terre Tax: What Buyers Need to Know

4 June 2026

New York’s New Pied-à-Terre Tax: What Buyers Need to Know For more than a decade, the so-called “Pied-à-Terre Tax” has repeatedly surfaced in New York political discussions. Long debated but never enacted, this tax targeting certain high-value secondary residences finally […]

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New development market in New York City returns to pre-pandemic levels

4 October 2024

The new development market in New York City is making a strong comeback, nearing pre-pandemic performance. Despite closed sales being down nearly 13% year-over-year, contract signings saw an 8% increase in the third quarter, according to data from Marketproof. Contracts […]

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Valued at $22M, bought for $35M: How much is a distressed office worth?

20 September 2024

The ongoing saga of 16 East 40th Street, a modest, century-old office building in Midtown Manhattan, sheds light on the uncertainties surrounding the valuation of distressed office assets in today’s market. The building, co-owned by Albert Monasebian and Nader Hakakian, […]

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Brooklyn poised to outpace Manhattan in new development sales

13 September 2024

Brooklyn is gaining momentum in the new development market, with August showing a significant uptick in contracts, while Manhattan remains steady and the luxury market struggles, according to Marketproof’s monthly report. In August, 246 contracts were signed citywide, slightly up […]

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INVITATION CONFÉRENCE INVESTISSEMENT IMMOBILIER À MIAMI ET NEW YORK

5 September 2024

Le 10 septembre à 19h

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Transforming Times Square: RXR and SL Green Eye Office-to-Residential Conversion at 5 Times Square

16 August 2024

Scott Rechler and Marc Holliday, leaders of RXR and SL Green, are considering transforming 5 Times Square from an office building into residential units, according to sources cited by Commercial Observer. This move suggests a shift in strategy, particularly as […]

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Vanbarton unloads FiDi building seized from failed Crowdfunder

2 August 2024

A property in the Financial District that was once part of Prodigy Network’s crowdfunded portfolio has recently been sold for $64.5 million. The building, located at 17 John Street, was purchased by a LLC linked to Housing Solutions, a firm […]

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