Zohran Mamdani’s luxury home tax post sparked political backlash, with critics warning it could drive wealthy residents and investment away.

NYC Mayor Zohran Mamdani told those who own second homes in the city worth of $5 million to look for notices about the pied-à-terre tax coming soon.

NYC Mayor Zohran Mamdani says notification letters have been sent ahead of the city's new pied-à-terre tax.