Manhattan Neighborhoods With the Most Pied-a-Terre Tax Exposure

Facts checked October 9, 2026. Roll data: Department of Finance supplemental roll of July 24, 2026. Neighborhoods are the areas this site assigns each building to.

Lenox Hill leads the Department of Finance roll with 1,767 condo and co-op units valued at $1,000,000 or more and $157.6 million a year in Phase 1 pied-a-terre exposure, and the top 10 Manhattan neighborhoods together account for $1.02 billion, about 61% of the $1.67 billion citywide. Manhattan holds 16,999 of the 17,750 over-the-line units and 94% of the dollars. Brooklyn has 694 units ($65.9 million), Queens 44 ($28.1 million), the Bronx 12 ($6.2 million) and Staten Island 1 ($68,167).

I run the surcharge math on every second-home purchase I price, and the roll helps me answer a buyer's first question about a building: how many of the apartments around it carry this cost. Exposure here is the maximum, assuming every unit over the line were taxed. Many are primary residences and exempt, so read these as where the cost question is largest, not where bills will be largest.

The top 10 neighborhoods by annual exposure

Each neighborhood name links to the building-by-building roll for that area, and the last column links to its market report for sales data. The ten together hold 11,079 over-the-line units.

What the numbers show

Rank by exposure and rank by unit count are not the same list. Lincoln Square is second on exposure with fewer over-the-line units than Lenox Hill (1,331 against 1,767) and its exposure per over-the-line unit averages about $113,321 against about $89,170. NoHo and Union Square average $140,858 and $131,765 per unit, the highest on the list.

The share of units over the line varies more than the dollars do. In SoHo, 44% of the lots on the roll (1,337 of 3,024) are over $1,000,000. In Tribeca it is 21%, in Lenox Hill 14%, and in the Upper West Side 7% (568 of 8,704). The Upper West Side makes the list on size: most of its lots stay under the line.

Reading this as a buyer or a seller

• If the apartment you are pricing sits in a neighborhood with a high share of over-the-line units, expect buyer's counsel to ask about the valuation and residency.
• A neighborhood's exposure total says nothing about one apartment. Your unit's valuation on the bill and its status as a primary residence decide your cost. The first-year cost of a $3,000,000 second home shows how to add it up.
• Valuations near $1,000,000 matter most where many units cluster just above the line; see the $1,000,000 cliff.

Outside Manhattan the picture thins out fast. Boerum Hill, in Brooklyn, is the highest-ranked neighborhood outside Manhattan on the roll, with 67 over-the-line units and $15,820,678 a year in exposure, which would place it behind the top 10 by a wide margin. Brooklyn as a whole has 694 units over the line and $65,887,436 in exposure, against $1,565,735,055 for Manhattan. You can read the Boerum Hill roll and its market report the same way as the ten above.

The pied-a-terre tax hub has the full list of neighborhoods and buildings, and the open data downloads behind these figures. I describe buildings and values here and nothing about the people in them.

This is general information, not legal or tax advice. Confirm your own filing with a New York real estate attorney or your CPA.

NYC Condos $1M and Up

Manhattan and Brooklyn condos in the price range the surcharge reaches

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179 20th Street #5-A

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2 bd 2 ba 1,061 sf

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Condo · 2024 RLS #RLS20109519

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Condo · 2024 RLS #RLS20053057

Listing information provided courtesy of the Real Estate Board of New York's Residential Listing Service (RLS). Information is deemed reliable but not guaranteed. Sale listings verified. ©2026 REBNY. RLS data displayed by Keller Williams NYC.

Sources

Facts on this page were checked against these sources on October 9, 2026.

• NYC Department of Finance, Supplemental Market Value Roll, tax year 2027, published July 24, 2026, analyzed by miltoncoste.com, neighborhood and borough totals
• NYC Department of Finance, non-primary residence surcharge, Phase 1 thresholds and rates