Mansion or not, you can't escape the so-called mansion tax

…  who acknowledged it can be painful to stomach The tax rate for properties above $2 million is 125 percent For … make the argument that a $1 million property is a luxury home but here it may buy you an alcove studio or a one … … Buy … buying … closing … taxes … Mansion or not you cant escape the socalled mansion tax …

By Jennifer White Karp |April 14, 2025 - 10:00AM
The buyer's and seller's guide to NYC closing costs

… Whether youre buying or selling real estate in New York City you face hefty taxes and fees at the closing tableincluding some that you … expect and others unique to New York  For sellers closing costs take a serious bite out of the proceeds For buyers …

By Evelyn Battaglia |January 6, 2025 - 10:00AM