New York State’s “mansion tax” was meant to target buyers of luxury product. Now, some developers are coughing up the cash instead. At 100 Barclay Street in Tribeca, Ben Shaoul’s Magnum Real Estate is covering the increased mansion and transfer taxes for buyers who close before Thanksgiving. Ekstein Development Group had offered to pay those taxes on all condos purchased at its 30E31 NoMad before Sept. 30. Another advertisement last month promised prospective buyers at
source https://therealdeal.com/2019/10/24/amid-slow-sales-developers-give-buyers-a-break-on-mansion-taxes/
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