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Gov. Kathy Hochul has said the new tax on NYC’s pied-à-terres will apply to properties worth $5 million. But she and Mayor Zohran Mamdani, also backing the idea, have yet to say how exactly that value will be calculated. And that’s a big deal — because the details will determine whether new rules include some of the city’s priciest pads.
For example: A Billionaires’ Row penthouse that sold for $87.7 million. Sting’s pad overlooking Central Park, bought for $65.7 million. A Trump Tower apartment owned by Donald himself.
None of those properties — and many more, according to our analysis — would be included under the new proposal if the city uses its current rules for calculating value for tax purposes.
Read more on the nitty-gritty of the second-home proposal, and to see how much the city says a $26 million apartment at the supertall at 432 Park Ave. is worth on paper. (Hint: It’s under a million.)
Weather ☁️
Mostly cloudy, with a high near 55 and a chance of showers mainly before 11 a.m.
MTA 🚇
In Brooklyn, Brighton Beach-bound B trains run local from Prospect Park to Kings Highway. Find all the MTA’s planned changes and the latest delays here.
Alternate side parking 🚙
It’s in effect today, April 22.
By the way…
Happy Earth Day! The Department of Parks & Recreation is hosting a series of events to celebrate in our parks and community gardens.
A Manhattan Supreme Court judge on Tuesday dismissed a lawsuit seeking to revert the city’s decision to switch active city workers and some retirees to a new self-funded health plan jointly managed by UnitedHealthcare and EmblemHealth.
The judge, Lyle Frank, said the group that filed the suit, Hands Off NY Care, failed to prove the city acted in an arbitrary and capricious manner when it decided to sever ties with Anthem Healthcare and switch 750,000 workers and their dependents to the new plan. The group had argued that the new plan’s self-funded model is unlawful and could jeopardize workers’ health coverage.
Frank previously declined the group’s request for an injunction in November, and the new plan was implemented on Jan. 1 as scheduled. A spokesperson for Hands Off NY Care did not immediately respond to a request for comment.
Dora Pekec, a City Hall spokesperson, said “we are glad that the court recognizes the Mamdani administration’s commitment to delivering comprehensive health care for the hardworking New Yorkers who keep our city running, and rejected this challenge.”
The plan was approved by the city’s unions in September and is projected to save taxpayers an estimated $1 billion annually.
— Claudia Irizarry Aponte
Things To Do
Here’s what’s going on around the city this week.
Wednesday, April 22: Help keep Randall’s Island Park beautiful by working with the park’s horticulture team to care for its many gardens, green streets and meadows. Free, from 9:30 a.m. to 12:30 p.m. Register here.
Wednesday, April 22: Dancers, actors and musicians from The Juilliard Green Club take the stage at Lincoln Center to present an immersive multi-genre concert experience that considers our collective futures in the face of climate change. Free, at 7:30 p.m.
Thursday, April 23: National Library Week brings a free screening of “The Librarians,” a documentary about librarians fighting book banning across the country, followed by a panel at the Brooklyn Public Library Central Branch. Free, at 6 p.m.
THE KICKER: The New York World's Fair opened on this day in 1964 in Flushing Meadows, Queens, with the theme of “peace through understanding” and the unveiling of the 900,000-pound Unisphere.
Thanks, as always, for reading. Make it a great Wednesday.
Love,
THE CITY
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