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Real estate

New York’s high-end real estate may be unaffected by tax law

January 4, 2018

Douglas Elliman listing in New York. Image credit: Douglas Elliman

 

By Brielle Jaekel

New York sales transactions priced more than $5 million are primarily settled in cash, which will make the upcoming cap on mortgage interest deduction in the United States' new tax law almost irrelevant to luxury real estate.

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