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> The bill exempts the following categories:

> The primary residence of at least one owner.

> The primary residence of a parent or child of at least one owner.

> Cooperative and condominium units that are appraised at less than $5 million in the previous three years.

> Properties and dwelling units that are rented to a NYC primary resident.

(https://comptroller.nyc.gov/reports/the-pied-a-terre-tax-and...)

Wouldn't excluding apartments therefore exclude Ken Griffin's 238 million dollar penthouse? That seems like exactly the kind of 2nd home that this should be targeting.

Yeah I hear you but I want to incentivize dense housing like that. If you live in Texas or Florida, it’s easy to see how second homes can entirely overtake acres and acres of land.

NYC is filled with apartments dedicated to the wealthy with token poor-doors for access to a few mandatory low income units in each building. All housing has to be subject to taxation for this to work.