Recent headlines caused concern among homeowners, real estate professionals, and prospective buyers when reports emerged that New York lawmakers were considering a new tax on homes purchased entirely in cash for $1 million or more. The proposal generated significant attention, particularly in New York City, where cash purchases are common in the luxury real estate
New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations. The lawmakers are also considering expanding the tax to all-cash purchases over $1 million in New York, including those in the suburbs and upstate, people
Result of Public-Private Partnership Between MTA and Columbia University to Make Station Accessible and Deliver State of Good Repair Upgrades The Metropolitan Transportation Authority (MTA) and Columbia University today announced a public-private partnership to make the 125 St 1 subway station in Manhattan accessible. In addition to the installation of three elevators, the project will include widened escalators on the west side of Broadway
The New York City Department of Parks and Recreation has a new leader: Upper East Sider Tricia Shimamura. Mayor Zohran Mamdani appointed Shimamura as commissioner of the parks department on Saturday. Now, Shimamura will oversee more than 30,000 acres of public parkland in New York City, from green fields and playgrounds to forests and beaches.