Real Estate

Nyc Tax Revenue From Real Estate Deals Drops $1.4B

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Despite an uptick in investment and residential sales over the last month, the drop-off in tax revenue from such deals this year has reached $1.4 billion, a new report found. In October, $4.6 billion worth of residential and investment sales were recorded, according to the report, by the Real Estate Board of New York. That was up 33 percent from September but down 34 percent from a year ago. The transaction tax revenue from these The post Tax revenue from NYC property sales plunges $1.4B appeared first on The Real Deal New York.

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