New York City Surcharge Forces Investors to Rethink Residential and Mixed-Use Assets

By Tom Acitelli · Commercial Observer · 2026-10-23

According to reporting from Commercial Observer, New York City is implementing a new pied-à-terre surcharge that targets non-resident owners of luxury apartments and specific residential structures. The measure imposes annual rates between 4 percent and 6.5 percent of a property’

According to reporting from Commercial Observer, New York City is implementing a new pied-à-terre surcharge that targets non-resident owners of luxury apartments and specific residential structures. The measure imposes annual rates between 4 percent and 6.5 percent of a property’