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The Pied-à-Terre Tax Debate Returns. A Tale of Three Cities.
What Paris, Vancouver, and London tell us about the proposal now moving through Albany. The Roebling Report · Issue No. 135 · April 29, 2026 · Corey Cohen On April 15, Governor Kathy Hochul and Mayor Zohran Mamdani endorsed the pied-à-terre tax: a recurring surcharge on luxury second homes valued above $5 million — a version of a proposal first introduced by then-State Senator Brad Hoylman-Sigal more than a decade ago and pronounced dead and revived across several budge
Corey Cohen
6 days ago6 min read


New York Builds Housing Like It's 1975. That Might Finally Change.
Dear Friend, New York can launch a global brand overnight, but it still takes years to approve a new apartment building. Experts say we need 50,000 new homes per year to stabilize rents. Most years, we build half that. The real drag isn’t ideology or land - it’s the approvals process. Built in the 1970s, when New York was shrinking, the system assumes housing is risky and rare. Add decades of procedural layering and the result is slow, uncertain, and expensive. 2026 could mar
Corey Cohen
Dec 9, 20254 min read


Jamie Dimon and Zohran Mamdani: Two Visions Competing for New York's Future
Two competing visions are shaping New York’s future. On one side, the business community - anchored by JPMorgan Chase, major law firms, global tech firms, and a surge of AI startups - is doubling down on Manhattan. On the other, Mayor-elect Zohran Mamdani proposes an aggressive affordability agenda: rent freezes, fare-free buses, and higher corporate and high-earner taxes. The tension between these forces will determine how the city grows, who it attracts, and how its real es
Corey Cohen
Nov 30, 20254 min read


Will Mamdani’s Rent Freeze Melt Investor Confidence?
Assemblyman Zohran Mamdani’s bold rent freeze proposal could reshape NYC’s housing landscape. From affordability relief for tenants to pressure on market-rate rents and real estate values, explore how this mayoral frontrunner’s housing-first vision may affect the city — and your next move.
Corey Cohen
Jul 1, 20253 min read


Moving Just Got Cheaper in NYC - What's the Catch?
The FARE Act just rewrote NYC’s rental playbook.
Tenants no longer pay broker fees when the landlord hires the broker — a major shift that slashes upfront costs. But with rising rents and shifting strategies behind the scenes, the real impact is just starting to unfold. Here's what renters, landlords, and brokers need to know.
Corey Cohen
Jun 16, 20253 min read


The Roebling Report: 2025 Real Estate Taxes and Policies
Navigate 2025’s real estate shifts: higher rates, SALT cap buzz, soaring costs, and new rules.
Corey Cohen
Jan 17, 20252 min read


City of Yes
Discover how the City of Yes is transforming urban living. Learn about the City of Yes initiatives and their impact on communities.
Corey Cohen
Dec 12, 20242 min read


Will uncapped SALT deductions return in 2025?
Trump’s proposed SALT cap repeal could boost luxury real estate markets, benefiting affluent buyers with increased purchasing power.
Corey Cohen
Nov 22, 20242 min read


The Housing Stability and Tenant Protection Act of 2019
The Housing Stability and Tenant Protection Act of 2019 Legislation passed this week has dramatically reshaped the multifamily landscape in New York with sweeping benefits to rent-stabilized Tenants at a high cost to Landlords and investors. The rewriting of the rent regulations which impacts nearly 1m apartments in New York City intends to preserve affordable housing by taking away the rules that Landlords use to remove these units from being regulated. Some broad strokes
Corey Cohen
Jun 19, 20193 min read
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