New York City Sellers to Shoulder New Mansion Tax Burden

05. 05. 19

Some developers have already observed activity shift toward more affordable properties subject to less tax. That benefits projects like Arbor18, a wellness-focused new development in Greenwood, Brooklyn, where more than 90% of the units are under $2 million, said Vanessa Connelly, vice president of sales at Halstead and who is marketing the building.

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