New York City’s real estate market is flooded with Russian oligarchs and sellers trying to liquidate their assets ahead of possible U.S. sanctions.
real estate
RUSSIA-UKRAINE WAR: CANADIAN PREMIER WANTS TO REVIVE TRUMP-BACKED KEYSTONE-XL PIPELINE TO REPLACE RUSSIAN OIL In neighboring New Jersey, Democratic Gov. Phil Murphy signed bipartisan legislation Wednesday clearing the state treasury to create a list of people and companies with investments in Russia or Belarus as a way to prevent Putin's "cronies" from securing contracts, tax abatements or doing further business with the state.
Central Park South, a micro-neighborhood just three blocks along 59th Street, between Fifth Avenue and Columbus Circle, has long attracted wealthy Russians and other international investors. At One Central Park South, the building famously known as The Plaza, there have been at least 16 new or updated listings since the invasion of Ukraine began Feb. 24. That doesn’t mean all the new or updated listings are owned by Russians.
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