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

… would be an annual tax on nonprimary residences with a market value of $5 million or more Of course with that kind of price tag this would not a problem for most buyers The thinking behind a piedàterre tax is that owners … and institutions that make NYC so desirable to secondhome buyers in the first place If you still think you want one …

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