October 4, 2019
New York's newly increased mansion tax is hitting the real estate market hard, since taking effect on July 1. Sales from some of the top real estate firms have plummeted between 6 and 16% just in the last quarter. The hike is hitting luxury listings the hardest. We spoke to Wendy J. Sarasohn, licensed Real Estate Broker and Jamie Joseph, licensed Real Estate Salesperson at Brown Harris Stevens.