Manhattan rents reach all-time high of $6,655/month amid Mamdani’s rent freeze and pied-a-terre tax threat

Manhattan renters, brace yourselves. The average price tag for a place to live just hit a jaw-dropping $6,655 a month, an all-time high, according to fresh data from Corcoran Sunshine Marketing Group. That’s a brutal 10% jump from a year ago, and real estate pros are pointing straight at Mayor Mamdani’s incoming rent f

Trump Threatens to Take Federal Action to Block Mamdani’s Pied-à-Terre Tax  WSJ

The new tax is expected to bring in $500 million annually for America's largest city

President Trump on Tuesday went after New York City Mayor Zohran Mamdani’s (D) attempt to tax second homes worth over $5 million. Trump called the proposed “pied-à-terre” tax a “dangerous political ‘experiment'” in a Tuesday Truth Social post. The president’s comments came after a Staten Island, N.Y., judge temporarily

Randy Mastro has sued the Mamdani administration five times already since leaving office under Mamdani's predecessor Eric Adams.

Trump in a Truth Social post called Mamdani's pied-à-terre tax a "dangerous political 'experiment' in New York will destroy" the city and state.

President Donald Trump said Tuesday that his administration is examining whether the federal government has the authority to intervene against New York City Democratic Mayor Zohran Mamdani’s controversial pied-à-terre tax.  “I am looking to see if the Federal Government has any legal right to avert this disaster, befor

Trump Says He’s Looking Into Ways to ‘Avert’ NYC’s Pied-a-Terre Tax  Forbes

President Donald Trump said Tuesday that he was exploring ways for the federal government to forcibly end New York City Mayor Zohran Mamdani’s pied-a-terre tax, which targets second homes. The president wrote on Truth Social that the tax “is costing New York City and State a fortune in that the money, eventually to be

President Donald Trump said he would examine whether the federal government can stop New York City Mayor Zohran Mamdani’s new pied-à-terre tax, which was temporarily blocked by a state court.

A New York judge on Monday temporarily blocked New York City Mayor Zohran Mamdani's pied-à-terre tax after homeowners sued over the city’s handling of the program.

Staten Island Supreme Court Justice Wayne Ozzi issued a temporary restraining order effectively prohibiting any action on the luxury second home tax.

New York mayor’s office plans to appeal ruling, which comes after homeowners sued over property surcharges last week A judge has temporarily blocked Zohran Mamdani’s pied-à-terre tax, which would place a surcharge on second homes in New York City, dealing a blow to the progressive New York City mayor after homeowners s

Judge temporarily blocks New York City Mayor Zohran Mamdani’s pied-a-terre tax  Chicago Tribune

Michael M. Santiago/Getty Images New York City Mayor Zohran Mamdani's pied-à-terre tax was temporarily blocked by a judge on Monday. The ruling comes after New York homeowners sued the city. The tax is intended to apply to non-primary homes worth over $5 million. New York City Mayor Zohran Mamdani's pied-à-terre tax

Judge temporarily blocks rollout of Mamdani’s pied-à-terre tax  CNN

New York City has announced an extension for the pied-à-terre tax exemption deadline to September eighteenth, responding to resident concerns about the lack of clear notifications and the complexities of the exemption process. To enhance communication citywide, particularly across boroughs, outreach initiatives are bei

A group of New York City homeowners sued Mayor Zohran Mamdani and the city’s finance director over the rollout of the new pied-à-terre tax Friday.