Mansion and Transfer Tax Changes, what will be the effect?

April 16, 2019
Hosted by Vince Rocco

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Episode Description

At this hour: While a proposed pied-à-terre tax flamed out in the state legislature in the final days of budget negotiations, buyers of high-priced homes will still have to shell out a bit more in the coming months. The legislature passed a new “progressive mansion tax” as part of the FY2020 budget, which will levy a one-time fee on home purchases of $1 million or higher. The tax increases as the price of a home does. Also, there have been increases to NY State and City Transfer Taxes. We will break it all down for you this morning. Also at this Hour: For the Jacky Teplitzky team, the literal definition of the term is just a starting point. This team is a cohesive group of smart, licensed real estate professionals who are among the elite in New York City and Miami's hard-charging residential real estate markets. Jacky is here and will discuss her team and a very significant new addition.

Good Morning New York, Real Estate with Vince Rocco

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Vince Rocco

Vince Rocco

I became interested in a real estate career in the mid-1990s while buying and selling Manhattan co-ops and condos for my own personal real estate projects (renovating and selling), and found it to be an exciting industry. I decided to make Real Estate a full time profession and I've never looked back.

The ROCCO Group is dedicated to delivering quality service to our buyers and sellers. I get personally involved in every detail of the deal. I am known for my straightforward approach, my integrity and flexibility while working with people. I cultivate strong relationships that last a lifetime.

I have an extensive knowledge of Manhattan and its neighborhoods. I became an expert in New Condo Development sales over the past five years selling in three separate new development projects. I've made appearances on 'Sweat Equity' on the DIY network as one of their pricing experts, and have been featured on 'House Hunters' on HGTV and I'm working on an interactive web/blog portal where I will be hosting a weekly 'over the net' Real Estate program featuring everything New York City. I have been quoted in NY Magazine, NY Post, NY Times, QUEST, The Real Deal, and Broker's Weekly.

I live on the Upper West Side of Manhattan with my dog, Jett. I know Manhattan well and all of its neighborhood's so touring for a new home is always an exciting adventure with me. I make it personal. Your dream of finding the perfect home or selling your home will become a reality.

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