Billionaires’ Row Towers Are Flashpoint for NYC Tax on Rich (2)

April 23, 2026, 7:38 PM UTC

When Mayor Zohran Mamdani declared a new tax was coming for wealthy property owners in New York City, he wanted to make clear it was “designed for the richest of the rich.”

So he stood outside 220 Central Park South, pointed to the limestone-clad supertall skyscraper — and in a video that’s gone viral on social media — slammed those “who store their wealth in New York City real estate” while living elsewhere.

220 Central Park South, developed by Vornado Realty Trust, sits at the heart of Manhattan’s Billionaires’ Row, and it has been an object of fascination since ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.