The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax

Central Park Tower, center, along Billionaire's Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty Images High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani's proposed pied-à-terre tax that brokers warn could cause a wealth flight . There were 133 contracts signed for apartments priced at $4 million or more between April 14 and May 10, according to Olshan Realty. …