StreetNoise

Landlords going keyless, how the pied-à-terre tax hurts luxury owners, & more

By Jennifer White Karp | March 26, 2019 - 11:00AM 

Can you demand a regular key if your landlord installs an entry system that relies on a phone app? What if your landlord installs facial recognition technology to let you in? (The New York Times and Gothamist) 

The proposed pied-à-terre tax on houses valued at $25 million or more could cut their value by nearly half and scare off future NYC buyers, according to one analysis (Curbed via the Wall Street Journal)

Sales in Manhattan’s luxury market dropped in the first quarter for the third year in a row (The Real Deal via Olshan Realty)

A number of large, freestanding Victorian and Edwardian houses are being torn down to make way for apartment buildings in one section of Flatbush (Brownstoner)

Anything you can buy costs more in NYC than anywhere else (New York Post)

Residents at a Long Island co-op complex want one shareholder to stop feeding a group of stray cats (New York Post)

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