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Gov. Kathy Hochul's proposed pied-à-terre tax could generate up to $500 million annually, but multiple variables could affect the final revenue, according to a report released Thursday by New York City Comptroller Mark Levine. Introduced last month, the governor's proposed tax, which would place a surcharge on secondary homes in the five boroughs valued at $5 million and above, could generate nearly $500 million from just over 11,200 properties. The comptroller's analysis examines several factors, including exclusions for rented units and "behavioral responses" to the tax, which could lower the actual revenue to between $340 million and $380 million.
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First look at The Morgan, an 18-story luxury condo rising on a tree-lined block in Murray Hill

Renderings courtesy of We Are Visuals

April 29, 2026

First look at The Morgan, an 18-story luxury condo rising on a tree-lined block in Murray Hill

The first images have been revealed for a new 18-story luxury condo taking shape on a tree-lined block in Murray Hill. Developed by the Continuum Company and Aksoy Holding and designed by INC Architecture & Design, The Morgan at 38 East 35th Street will include contemporary residences ranging from studios to three-bedrooms, along with select duplexes and penthouses. The developer has also launched a teaser website for the building along with the newly released renderings.
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New Developments

Sting’s former Central Park West pad is back on the market for $45M

Photo credit: Tim Waltman of Evan Joseph Studios

April 28, 2026

Sting’s former Central Park West pad is back on the market for $45M

The palatial duplex at 15 Central Park West that once belonged to Sting is once again for sale. Spanning 5,417 square feet, the trophy home in the Robert A.M. Stern-designed "limestone Jesus" has dizzying park views in addition to its celebrity history. As 6sqft previously reported, the rocker bought the mansion-sized condo in 2008 for $27 million and sold it for a tidy profit in 2017 for $50 million. Nearly a decade later, the penthouse is asking $45 million.
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David Bowie’s former Central Park South home asks $4.95M

Photo Credit: Eitan Gamliely

April 23, 2026

David Bowie’s former Central Park South home asks $4.95M

This $4.95 million, three-bedroom condo at 160 Central Park South was the one-time home of rock icon David Bowie and model Iman, and views of the park and Manhattan from its windows are just as iconic. Built in 1929, the Essex House is the rare Art Deco residence that offers condominium convenience and privacy suitable for 21st-century rock royalty.
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Distinctive Homes

Landmarks approves 8-story cast-iron-inspired rental in Tribeca

(L) Exterior rendering, (R) North facing rendering. Images courtesy of the LPC.

April 15, 2026

Landmarks approves 8-story cast-iron-inspired rental in Tribeca

The Landmarks Preservation Commission voted unanimously Tuesday to approve the demolition of two mid-20th-century commercial buildings in Tribeca’s historic district to make way for a luxury residential development. Proposed by SilverLining Development, the 8-story project at 31–35 Lispenard Street in the Tribeca East Historic District will feature 19 apartments, likely rentals, as Tribeca Citizen first reported, with a facade inspired by the cast-iron buildings in neighboring Soho. Aden Wiener, founder of SilverLining, said the development will introduce a “new concept of living” to the area, with ground-floor retail and a boutique collection of “highly amenitized” loft residences.
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Hochul proposes pied-à-terre tax on NYC second homes worth over $5M

Photo by Jakub Hałun on Wikimedia

April 15, 2026

Hochul proposes pied-à-terre tax on NYC second homes worth over $5M

Governor Kathy Hochul on Wednesday proposed a yearly tax on non-primary residences in New York City. After resisting calls to tax high-income earners led by progressive leaders like Mayor Zohran Mamdani, the governor is now embracing a surcharge on secondary homes in the five boroughs valued at $5 million and above. Known as pieds-à-terre, these properties are occupied by part-time residents who usually stay there while working or visiting the city. While it's not the first time such a tax has been proposed in recent years, the new push for the surcharge comes as the city deals with a multibillion-dollar budget gap.
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Lottery opens for 75 apartments at 38-story FiDi tower, from $1,819/month

All images courtesy of The Moinian Group

April 10, 2026

Lottery opens for 75 apartments at 38-story FiDi tower, from $1,819/month

An affordable housing lottery launched this week for 75 mixed-income apartments at a 38-story residential tower in the Financial District. Developed by the Moinian Group, Aria 7 Platt at 7 Platt Street offers light-filled luxury residences and a range of indoor and outdoor amenities. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,819/month studios to $4,484/month two-bedrooms.
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Affordable Housing

West Village megamansion enters contract for over $70M

All photos courtesy of Hayley Ellen Day

April 6, 2026

West Village megamansion enters contract for over $70M

Two multi-family townhouses that were combined into one megamansion in the West Village found a buyer this month. As first reported by the Wall Street Journal, the unique property at 105-107 Bank Street entered contract for over $70 million, set to become one of the most expensive homes ever sold in downtown Manhattan if the deal closes at that price. Robert A.M. Stern Architects designed the double-wide residence, which is six stories and measures over 13,000 square feet.
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Real Estate Trends

‘Hunger Games’ director Gary Ross lists his Cobble Hill townhouse for $10.6M

All photos by Hayley Ellen Day

April 2, 2026

‘Hunger Games’ director Gary Ross lists his Cobble Hill townhouse for $10.6M

Gary Ross, director of Hollywood hits like "The Hunger Games" and "Big," and his wife, designer Claudia Solti, have just put their Brooklyn townhouse at 197 Clinton Street on the market. Asking $10,600,000, the stately brick home offers 6,474 square feet of living space on six floors, from the private screening room to a top-floor "penthouse" with a patio. Behind its 1850s facade, the home has all the architecture and design features buyers look for in modern townhouse living, without having to change a thing.
turnkey brooklyn townhouse living, this way

Distinctive Homes

For $1.3M, easy living with a view in a Brooklyn high-rise condo

Photo credit: Grace Jeon at DD reps

March 30, 2026

For $1.3M, easy living with a view in a Brooklyn high-rise condo

High above the reborn residential neighborhood of Downtown Brooklyn, this two-bedroom corner apartment in The Nevins at 319 Schermerhorn Street has the sunlight and dazzling city views that you'd expect from high-rise life. Asking $1,275,000, the home's sleek, contemporary interiors and condo convenience mean stress-free living from day one.
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Distinctive Homes

All renderings courtesy of DBOX

March 12, 2026

See inside record-setting West Village addition Eighty Clarkson

The much-anticipated new residential development, Eighty Clarkson, has released renderings of interiors and amenity spaces following a record-breaking year of sales. The not-yet-completed West Village condo has been kept under wraps, though quietly managing to sell over a billion dollars in volume during that time. WSJ recently featured the sought-after downtown development, reporting that a $129 million residence is currently in contract; if the sale proceeds, as 6sqft previously reported, it will set a new downtown Manhattan record.
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New Developments

March 3, 2026

7 commuter-friendly rentals in Westchester

As New York City continues to see record-high rents, some New Yorkers are looking north of the city for a lifestyle that's more affordable and stress-free, but still commuter-friendly. Westchester County has responded with a wave of new developments in many of its municipalities, with 12,500 new apartments completed since 2021 and an additional 15,000 units under construction, as of 2024. With three Metro-North Railroad lines connecting to Grand Central Terminal, the region pairs easy access to Manhattan with revitalized downtowns, growing cultural scenes, and waterfront parks, making Westchester an attractive alternative for renters seeking more space and tranquility.
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Carnegie Hill co-op owned by MoMA’s original director lists for $2.3M

Listing photos are virtually staged. Photos courtesy of Coldwell Banker Warburg

February 19, 2026

Carnegie Hill co-op owned by MoMA’s original director lists for $2.3M

The Carnegie Hill apartment that once belonged to one of the most influential figures of the modern art movement has hit the market. Alfred Barr Jr. was the original director of the Museum of Modern Art (MoMA) when it opened in 1929, where he championed all forms of art and became known for bringing Pablo Picasso's work to the United States. During his tenure as director, Barr lived in a high-floor three-bedroom co-op at 49 East 96th Street, which recently became available for $2,295,000.
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Distinctive Homes

For $2.45M, an artist’s downtown Manhattan loft is a blank slate with a modern frame

All photos courtesy of Bettina Werner and Douglas Elliman

February 18, 2026

For $2.45M, an artist’s downtown Manhattan loft is a blank slate with a modern frame

This one-bedroom-plus-office condo in the amenity-packed Downtown by Starck residence at 15 Broad Street is a high-floor haven, currently home to Italian artist Bettina Werner, who is known for her unique salt crystal artworks. The Fidi condo, asking $2,450,000, offers 1,809 square feet of living space, with the kind of white-box vibe that you'd expect from an art gallery, framed by 11-foot beamed ceilings. The building is also known for its peerless menu of luxury perks, including a pool and spa, a ball court, and a gorgeous rooftop park with a reflecting pool.
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Distinctive Homes

30-story condo will be the tallest building in Greenwich Village

11 West 13th Street in July 2025, ahead of construction. © Ondel Hylton

February 10, 2026

30-story condo will be the tallest building in Greenwich Village

The tallest building in Greenwich Village is moving forward. Construction financing was secured last week for a new luxury condominium at 11 West 13th Street, a planned 30-story tower with 34 residences that will rise well above the neighborhood's next tallest buildings. Despite backlash from preservationist groups, which filed a zoning challenge with the Department of Buildings, the project is moving ahead, after developers Legion Investment Group and EJS Group secured $190 million in construction financing last week.
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Filmmaker John Sayles’ former Hoboken townhouse lists for $2.5M

Images courtesy of Brown Harris Stevens

January 29, 2026

Filmmaker John Sayles’ former Hoboken townhouse lists for $2.5M

The longtime Hoboken home of acclaimed indie filmmaker and novelist John Sayles is on the market for $2,500,000. The red-brick rowhouse at 210 13th Street offers roughly 1,800 square feet across three stories, with three bedrooms, two bathrooms, a partially finished basement, and a cozy outdoor space. Sayles bought the home, which retains many original features, with his wife in 1981.
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See the Flatiron Building’s first publicly listed apartments

All images courtesy of the Flatiron Building

January 28, 2026

See the Flatiron Building’s first publicly listed apartments

As condos at the iconic Flatiron Building continue to be snapped up off-market, new details emerged this week about the first publicly listed apartments at the landmarked tower. The 22-story Fifth Avenue building is currently being converted from offices to 38 condominiums, with many units entering contract without being publicly advertised. This week, though, two four-bedroom apartments hit the market: a south-facing unit for $16 million and another north-facing for $18.9 million.
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New Developments

Steve Madden’s former Trump Palace pad lists for $11.5M

Photo credit: Brown Harris Stevens

January 27, 2026

Steve Madden’s former Trump Palace pad lists for $11.5M

The 47th-floor condo at 200 East 69th Street, with six balconies and six bedrooms, once owned by legendary shoe designer Steve Madden, has 360-degree views of Central Park, both rivers, and the city skyline. And at $11,500,000–the fashion mogul paid $15 million for the apartment in 2013–you could even call it a deal. The Lenox Hill home is a combination of two units within Trump Palace, a 57-story building completed in 1991.
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Distinctive Homes

Lily Allen and David Harbour’s Brooklyn townhouse finds buyer

Photo credit: Hayley Ellen Day

January 21, 2026

Lily Allen and David Harbour’s Brooklyn townhouse finds buyer

A Carroll Gardens townhouse referenced in Lily Allen’s latest album, following her split from actor David Harbour, has found a buyer. As first reported by the New York Post, the former couple’s home at 381 Union Street has sold with a last asking price of $7.3 million after hitting the market for nearly $8 million in October. The 22-foot-wide brownstone was fully renovated by architect Ben Bischoff of MADE and features a distinctive interior by AD100 designer Billy Cotton, as 6sqft previously reported.
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From cozy to bold, this $10M Soho condo embodies post-loft luxury

Photo credit: Andrew Brincka | DDreps

January 16, 2026

From cozy to bold, this $10M Soho condo embodies post-loft luxury

Standing on an always-evolving stretch of Soho, this 4,177-square-foot loft at 158 Mercer Street, in what's known as the New Museum Building (the New Museum of Contemporary Art was at this address before moving to the Bowery), is townhouse-sized, asking a museum-level $10 million. Framed by the loft bones of the 1897 building, the three-bedroom condominium is wrapped in 21st-century luxe.
dramatic loft living, this way

Distinctive Homes

Andy Cohen honored with a corner and trash can in Hudson Square

Photos by Emma Milligan

January 7, 2026

Andy Cohen honored with a corner and trash can in Hudson Square

New York City has long honored notable residents with street co-namings. Hudson Square is taking a different approach for TV personality Andy Cohen by commemorating the Bravo host with a trash can. The Hudson Square Business Improvement District paid tribute to Cohen, whose long-running show "Watch What Happens Live" has been filmed in the neighborhood since 2009, by renaming a garbage can on the corner of Vandam and Hudson Streets. Cohen attended the ribbon-cutting for the newly dubbed "Andy Cohen’s Corner," where he received a commemorative plaque and a key to the neighborhood that opens nothing.
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Policy

Amy Schumer paid $6.25M for Central Park West condo

Photos courtesy of Brown Harris Stevens

January 6, 2026

Amy Schumer paid $6.25M for Central Park West condo

After a short stint in Brooklyn, Amy Schumer is back on the Upper West Side. The comedian and actress recently sold her Brooklyn Heights townhouse for $11 million, with plans to move back to Manhattan to be close to her son's school. As the New York Post first reported, Schumer bought a corner condo unit at 279 Central Park West for $6,250,000 about a year ago. The three-bedroom condo offers Central Park views from every room, most notably in the 36-foot-long living room.
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Williamsburg Wharf launches leasing for newest waterfront rental, from $3,980/month

Renderings courtesy of Naftali Group

January 6, 2026

Williamsburg Wharf launches leasing for newest waterfront rental, from $3,980/month

Leasing has launched for 128 market-rate apartments at the newest luxury rental building to open at the Brooklyn waterfront's Williamsburg Wharf complex. On Tuesday, Naftali Group announced the start of leasing for Four Williamsburg Wharf, designed by Brandon Haw Architecture and Hill West Architects with interior design by Studio Munge, marking the completion of the development’s first phase. Pricing starts at $3,980/month for studios and $4,925/month for one-bedroom units.
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Real Estate Trends

January 6, 2026

Avdoo plans luxury residential tower in hot Hudson Square