Topline: The New York City Department of Education has spent $5 billion on rent to private landlords for school buildings ...

New York City Mayor Zohran Mamdani wants to tax empty second homes worth millions.Bloomberg/Getty Images Mayor Zohran Mamdani is gearing up to tax the rich — if they live elsewhere but own ...

More than 57,000 rent-stabilized apartments were sitting empty as of April last year, according to a new tally compiled by the state.

Other cities with taxes on empty homes wanted to free up housing supply. New York City is likely more focused on bringing in money.