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The Nexus
BUSINESSMay 11 · 15:43 UTCCNBC TOP

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

Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty. The wealthy continue to buy Manhattan real estate despite a potential tax on pied-à-terre properties. This increase suggests that high-end buyers are not deterred by potential taxes.

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