After ‘Grotesque’ $238 Million Penthouse Sale, Calls For ‘Pied-A-Terre Tax’ Intensify
January 30, 2019. Hedge funder Ken Griffin, who owns pricey properties in several other cities, snagged the most expensive apartment in not just New York City, but the entire country—but he reportedly doesn’t even plan to use the home as his primary residence. The sale prompted several elected officials to renew calls for a pied-à-Terre tax for secondary properties in New York City. The pied-à-terre tax is not a new concept. Back in 2014, state Senator Brad Hoylman drafted a bill based on a proposal by the Fiscal Policy Institute that [...]