Tag Archives: NYS government

A NYC Hotel ➡️ Affordable Housing Plan…

With many moving parts and a shortage of details, can this NYC hotel conversion to affordable housing plan be done successfully? NYC Hotel ➡️ Affordable Housing… In NYC can defunct hotels be successfully converted to affordable housing units? As with most promises driven by political campaigning, the devil is in the as-yet to be released details that […]

July 1, 2019 New York State and New York City Real Estate Transfer Taxes Slated to Rise!

New York State real estate transfer tax and New York City mansion tax

July 1st the New York State Department of Taxation and Finance will be imposing an increase in the state real estate transfer tax and mansion tax in New York City!  The NYS transfer tax increase will affect residential property sales above $3MM and all other property types sales above $2MM. the increase will be $2.50 per […]