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Public Testimony

Leonard Steinberg testifies on unfair messaging and calls for public apology

New York City Council · Aug 18, 2026 · starts 1:17:11 · 3 min 9 sec

Leonard Steinberg, a real estate professional and immigrant, calls the tax rollout unfair and punitive. He argues the messaging around $1 million market value is misleading and divisive, and asks the mayor and council to issue a public apology to New Yorkers.

Member of the Public - Leonard Steinberg

My name is London Steinberg.

Member of the Public - Leonard Steinberg

I am in the real estate world, and I was a little kid in Africa at the age of 20, dreaming of coming to the United States of America, specifically because of the dream of fair and equal treatment.

Member of the Public - Leonard Steinberg

That is what is specified in the Constitution of the United States of America.

Member of the Public - Leonard Steinberg

Everything about the rollout of this tax has been pretty unfair and unequal and extremely punitive.

Member of the Public - Leonard Steinberg

And I speak to all of you here, and I thank you, especially for those of you who were capable of showing up to something this important, because I think there's a misnomer about the numbers, and I'm going to look at some of the numbers today, but the messaging around this tax is outrageous.

Member of the Public - Leonard Steinberg

And I'll give you some examples of just how outrageous it is.

Member of the Public - Leonard Steinberg

Even in today's discussion, there was mention of this tax applying to apartments and co-ops, condos and co-ops, worth a million dollars or more, with a market value of a million dollars or more.

Member of the Public - Leonard Steinberg

That is the message that has been sold to the entire United States of America.

Member of the Public - Leonard Steinberg

All New York citizens

Member of the Public - Leonard Steinberg

and around the world.

Member of the Public - Leonard Steinberg

That is a false statement, because the market value that the city applies to a property is not the market value that most people would assume is market value, what it would sell for.

Member of the Public - Leonard Steinberg

That means that statement is grotesquely inaccurate.

Member of the Public - Leonard Steinberg

Secondly, we could talk about this being exposed to over 900,000 homeowners.

Member of the Public - Leonard Steinberg

Yes, but it applies how many people live in each one of these homes?

Member of the Public - Leonard Steinberg

Three?

Member of the Public - Leonard Steinberg

That amounts to about 3 million New Yorkers out of 8 million New Yorkers?

Member of the Public - Leonard Steinberg

That's about 40% of the population you are alienating.

Member of the Public - Leonard Steinberg

But the messaging around this is so divisive and anger-fueling, and it stands in sharp contrast to the message we've been given about uniting the city and bringing us together.

Member of the Public - Leonard Steinberg

New York City is the dream of people around the world, just like myself.

Member of the Public - Leonard Steinberg

I dreamed of this city and I dreamed of this country because it was inclusive.

Member of the Public - Leonard Steinberg

It embraced everyone.

Member of the Public - Leonard Steinberg

Here you have something that is specifically and purposefully aimed at dividing, fueling anger and division.

Member of the Public - Leonard Steinberg

That is wrong.

Member of the Public - Leonard Steinberg

So what I'm asking today is for the mayor and for the city council to group together and come out with an apology to all New Yorkers, because it's every single one of us in this room who pay taxes.

Member of the Public - Leonard Steinberg

Yes, 900 plus thousand people pay a lot of real estate taxes, but everyone in this room pays sales tax and a whole host of other taxes.

Member of the Public - Leonard Steinberg

And this city hall is paid for by the taxpayers of this room and everywhere.

Member of the Public - Leonard Steinberg

to do the job of the people.

Member of the Public - Leonard Steinberg

And the people of New York demand that New York City is represented by its mayor and city hall as the bastion of desire throughout the world.

Member of the Public - Leonard Steinberg

The world should crave to be in the city.

Member of the Public - Leonard Steinberg

This sends the exact opposite message.

Member of the Public - Leonard Steinberg

So I'm asking for a great, beautiful...

Member of the Public - Leonard Steinberg

Video that comes out on social media because this is a very social media savvy group to apologize to all New Yorkers and to clarify the message to the world that no we are not aimed at dividing

Member of the Public - Leonard Steinberg

but we're actually aimed at uniting the people of New York City.

Member of the Public - Leonard Steinberg

Thank you.

Gale A. Brewer

Thank you.

Gale A. Brewer

Next.

Gale A. Brewer

No, no, thanks.