Why private clubs are popping up everywhere in New York City

Why private clubs are popping up everywhere in New York City

From Deconstruct by The Real Deal

April 23, 2026 · 18 min

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

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