Thinking of buying a pied-à-terre in NYC? Here's what you need to know

… the phrase refers to an apartment thats used as a second home by owners who live elsewhere and come to NYC for … would be an annual tax on nonprimary residences with a market value of $5 million or more Of course with that kind … thinking behind a piedàterre tax is that owners of second homes in NYC are taking properties off the market while at …

By Leah Hochbaum Rosner |September 19, 2019 - 9:00AM