Why private clubs are popping up everywhere in New York City
About this episode
The episode discusses the impact of a proposed tax on luxury homes in NYC, a fraud case, and the rise of private clubs in the city.
This week on Deconstruct, hosts Lilah Burke and Hannah Kramer break down Governor Kathy Hochul’s controversial pied-à-terre tax proposal on luxury second homes, what it could mean for the NYC housing market, and why brokers and developers are worried. They also unpack the guilty verdict against former Vornado executive Jared Solomon in a years-long fraud scheme involving fake brokerages and stolen company funds. Plus: Is Manhattan’s Third Avenue office market making a comeback? Then TRD reporter Liz Cryan joins the show for an exclusive look at New York City’s booming private club scene—from Soho House and Zero Bond to the new wave of family-friendly clubs reshaping office towers, condos, and luxury real estate. Are private members clubs the future of urban amenities—or headed for a correction?
People in this episode
Hosts: Lilah Burke, Hannah Kramer
Guest: Liz Cryan
Topics covered
- pied-à-terre tax
- NYC housing market
- fraud scheme
- private clubs
- urban amenities
- office market
Keywords
- pied-à-terre tax
- NYC housing
- fraud
- private clubs
- urban amenities
- real estate
- office market
Mentioned in this episode
Organizations: Vornado
Places: New York City, Manhattan, Soho House, Zero Bond
More episodes of Deconstruct
- Spring selling season is here. Will NYC's luxury real estate market bloom?
- Real estate after Zohran Mamdani's first 100 days
- After a $10 million fraud, Josh Schuster's victims try to claw back their cash
- Zillow vs. Compass: behind the battle to control home listings
- A constitutional crisis in Section 8 housing
- Who's still buying NYC's rent stabilized buildings?
Explore listener stats, chart rankings, contacts and more on the Deconstruct podcast page.