
Closed! NYC's Real Estate Podcast
Will the Pied-à-Terre Tax Change NYC Forever? (with Frances Katzen)
On this episode of Closed!, Lee sits down with Frances Katzen, founder of The Katzen Team at Douglas Elliman, to discuss New York’s pied-à-terre tax and what it could mean for the city’s luxury real estate market. Frances breaks down how the tax applies to certain secondary and investment residences, why the rollout has created confusion for owners and buyers, and how uncertainty around valuation, enforcement, litigation, and future market conditions is already shaping conversations in the high-end market. The conversation also explores how the tax may affect condos, co-ops, legacy owners, foreign buyers, and ultra-high-net-worth purchasers weighing New York against other markets. Frances and Lee discuss whether the luxury market can absorb another layer of annual cost, how scarcity continues to support pricing, and why New York’s long-term appeal remains complicated, resilient, and deeply tied to confidence in the city’s future. To learn more about Frances Katzen and The Katzen Team at Douglas Elliman, visit her website and follow her on Instagram at @franceskatzen. To learn more about Lee and Bergstein Flynn Knowlton & Pollina PLLC, visit the firm at www.bflawoffice.com. To find out more about Bergstein Flynn Knowlton & Pollina PLLC, visit our website at bfkplaw.com . Hosted on Acast. See acast.com/privacy for more information.

