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New York’s new tax on billionaires’ empty apartments barely dents Ken Griffin. It could put a lien on your co-op

The tax aimed at billionaires barely dents Ken Griffin. It could put a lien on your co-op.

By Bushwick Daily News Desk

May 27, 2026 · 3 min read

News Manhattan

New York’s new tax on billionaires’ empty apartments barely dents Ken Griffin. It could put a lien on your co-op

The tax aimed at billionaires barely dents Ken Griffin. It could put a lien on your co-op.

Bushwick Daily News Desk Manhattan · May 27, 2026May 27, 2026 · 3 min read

New York’s new tax on billionaires’ empty apartments barely dents Ken Griffin. It could put a lien on your co-op

New York just put a new annual tax on the ultra-wealthy‘s part-time apartments, and the billionaire it is practically named after will barely feel it. The people who might actually get squeezed are the volunteer boards that run ordinary co-op buildings.

The pied-a-terre tax is a yearly surcharge on non-primary New York City residences worth $5 million or more , set to take effect July 1, 2026, and it is expected to…

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Bushwick Daily News Desk. Neighborhood news, politics, real estate, and business coverage produced by the Bushwick Daily newsroom.

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New York’s new tax on billionaires’ empty apartments barely dents Ken Griffin. It could put a lien on your co-op

New York’s new tax on billionaires’ empty apartments barely dents Ken Griffin. It could put a lien on your co-op

The rest of this story is for members.

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