Mamdani’s Plan to Tax Second Homes Divides New Yorkers

220 Central Park South: The penthouse of this building was bought by billionaire Ken Griffin as a pied-á-terre for $239.96 million in 2019. It is the most expensive home in the US ever sold, according to realtor.com.

Sonia, a 61-year-old nanny, dreams of moving from New Jersey to New York City. But her main concern is the cost. She observes her wealthy clients with second homes that remain largely empty throughout the year, in contrast to herself, who is unable to afford her singular dream residence. She is hopeful for the future […]