NYC’s Proposed Pied A Terre Tax For Properties $5 million +

Posted by Wei Min Tan on October 30, 2017

Publication:  Real Estate Weekly


Summary:  Wei Min Tan contributed to article about NYC’s proposed pied-a-terre tax which would apply to properties $5 million +.


Wei Min’s comments in article:  

Wei min Tan, an associate broker at Charles Rutenberg LLC New York, agrees with Miller’s assessment that financial repercussions could deter even the most financially stable property buyers.

“They don’t just throw their money around,” Tan said. “That’s just their nature. I think people who are financially successful are financially successful because they are careful with their money.

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641 Lexington Avenue,
22nd floor,
New York, NY 10022

About Wei Min

  • Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
  • Ex-Citibanker, managed $500 million portfolio
  • MBA, University of Illinois at Urbana-Champaign
  • Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
  • 352 burpees in 23 minutes, student of muay thai kickboxing

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