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NYC Mayor Promotes Pied-à-Terre Tax Amid Controversy

4/18/2026

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Story summary
  • New York City Mayor Zohran Mamdani filmed a promo for a pied-à-terre tax outside Ken Griffin's $238 million penthouse.
  • The tax targets luxury homes valued over $5 million that are not used as primary residences.
  • Sara Eisen of CNBC condemned Mamdani for demonizing Griffin, noting he employs thousands in NYC and invests locally.
  • Mamdani argues the tax will fund city services and address wealth inequality, with the wealthiest contributing more.