LEGISLATIVE AFFAIRS: October Legislative Update
October 7, 2019Increases in transfer tax rates, a.k.a. mansion tax, have already affected sales and sale prices of co-ops and condos in Manhattan According to an article published in the New York Times, recent sales were down 14.2% and sales price fell 8.2%. According to the article, days on market are the longest they’ve been since 2012.…
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