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Manhattan Luxury-Apartment Sales Plunge After New Transfer Tax

September 3, 2019 by Counter Markets

By Tyler Durden A new report from The Wall Street Journal shows how a new transfer tax in Manhattan has led to a slump in sales of luxury properties this summer. The new tax, basically a one-time payment on homes valued above $2 million, was enacted on July 01. The new policy led to a massive surge in June sales of luxury residential properties. But when it came time … [Read more...] about Manhattan Luxury-Apartment Sales Plunge After New Transfer Tax

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