New N.Y.C Transfer Tax Return Requirement

The New York Real Estate Journal published an article by Olshan Real Estate Partner Thomas Kearns entitled “New N.Y.C Transfer Tax Return Requirement.” The article discusses the various concerns resulting from New York City’s Department of Finance that the city’s Real Property Tax (RPT) Return must include the identity for every member of an entity that is a seller or purchaser of real property located in New York City.