The new NYC pied-à-terre tax is aimed at certain secondary homes valued around $5M+ that are not used as a primary residence. Here’s who may be impacted, who is not expected to be impacted, and why the NYC Department of Finance value matters.

Renting vs. owning in Manhattan: a market snapshot comparing a $4,700/month apartment, the 40x rent rule, net income, financing costs, and length of ownership.