NYC mayor releases list of pied-a-terre tax payers, prompting business backlash
New York City officials disclosed the names of owners of high-value secondary residences subject to a new tax, sparking criticism from business leaders who say the move endangers privacy and could deter investment.
New York City officials disclosed the identities of owners of apartments valued at $5 million or more that are not used as primary residences, as part of the administration’s enforcement of a recently enacted pied-a-terre tax. The list, released by Mayor Zohran Mamdani’s office, includes out-of-state property owners who are required to pay the levy.
Business leaders expressed concern that publishing the names and addresses could create safety risks and discourage affluent individuals from maintaining secondary homes in the city. Steve Fulop, president of the Partnership for New York City, said the disclosure "is a mistake, and a dangerous precedent" and warned that it "singles out people who have done nothing wrong".
Fulop added that many of those on the list are not billionaires but individuals who have invested in New York and that the policy could make them feel less safe and less welcome. He indicated that the business community is considering coordinated actions to oppose similar measures in future elections.
A spokesperson for the mayor’s office declined to comment on the matter at the time of reporting.