Is the NYC Market Dead?? The Pied-à-Terre Tax Explained

00:00 – 00:30 - Intro 00:30 – 01:29 - 100 Barclay PH Sneak Peek 01:29 – 01:54 - Overview 01:54 – 03:06 - What is a pied-à-terre tax? 03:06 – 04:07 - Who pays it / who doesn’t? 04:07 – 05:42 - How much is the tax? 05:42 – 06:09 - When does it hit? 06:09 – 08:32 - What this means for you 08:32 – 11:48 - How this changes NYC market trends 11:48 – 11:56 - Outro NYC's new pied-à-terre tax is officially law, and if you're buying or owning luxury real estate, you need to understand how it works. In this video, I break down who pays the tax, how much it costs, what it means for buyers and sellers, and how I expect it to reshape the NYC luxury market over the next few years. Watch before making your next real estate move. 📲 Follow for more NYC real estate insights 📩 DM me for buying or selling in NYC DM me on Instagram @justinmartineznyc for a private tour or to run the numbers. Featured Listings: 🔑 Listing Info: Property Address: 100 Barclay Street, PH North 6 BEDS | 6.5 BATHS | 8,306 SQFT Listing Link: https://martinez-team.com/home-search... 🔑 Listing Info: Property Address: 100 Barclay Street, PH South 5 BEDS | 5+ BATHS | 7,062 SQFT Listing Link: https://martinez-team.com/home-search... 🔗 Useful Links: Manhattan Townhouse Tours -    • Inside 5 Manhattan Townhouse Gems | NYC Lu...   Justin Marathon Vlog -    • Get Ready with Me for the NYC Marathon: Ex...   FARE Act Explained -    • NYC Broker Fee Ban? What Every Renter Need...   Luxury Listings Tours -    • $30,000,000 NYC Townhouse Tour + 3 More Lu...   Follow my Socials👇🏻 Instagram:   / justinmartineznyc   (for real-time updates) Facebook:   / about   TikTok: https://www.tiktok.com/@justinmartine... Twitter: https://twitter.com/i/flow/login?redi... Website: https://martinez-team.com/ Martinez Team App - https://apps.apple.com/us/app/martine... 📰 Sources: Mayor Zohran Mamdani on taxing the rich -    • Happy Tax Day, New York. We're taxing the ...   Governor Kathy Hochul speaking on the tax - https://www.instagram.com/reel/DXKgsf... CBS Report on the Tax -    • Hochul, Mamdani push pied-a-terre tax on p...   CNBC Report -    • NYC approves pied-à-terre tax: The Corcora...   CNBC Squawk Box -   / daissr4cef5   Other Articles: https://www.akerman.com/en/perspectiv... https://www.sullcrom.com/insights/mem... https://reedcorp.tax/helpful-guides/n... https://portal.311.nyc.gov/article/?k... https://therealdeal.com/new-york/2026... Attribution: Icons from www.flaticon.com Plane & User icons created by Magnific Statue of liberty icon created by Kalashnyk Family icons created by Magnific Florida icon created by Mohamed Mbarki London icons created by Smashicons Hong Kong flag icons created by iconset.co