217 West 57th Street is a condominium in Central Park South, Manhattan with 179 units on the Department of Finance’s July 24, 2026 supplemental roll. 144 of them carry a DOF market value of $1,000,000 or more, and the median value across the building is $1,734,430.
Units on the roll
179
At or over $1,000,000
144 (80%)
Top DOF value
$10,673,622
Phase 1 exposure / yr
$14,341,858
If none of the over-the-line units were a primary residence, the Phase 1 surcharge would total about $14,341,858 a year. That is a ceiling: owners who live there, lease for a year or more to a primary-resident tenant, or house an immediate family member owe nothing. See every exemption.
How values spread across the building
Phase 2 sensitivity
From July 1, 2028, Phase 2 moves condos and co-ops to a $5,000,000 threshold and the 0.8%, 1.05% and 1.3% schedule, measured under a new DOF assessed-value system that DOF has not finalized. It is scheduled, not settled. On today’s DOF values, 3 units in this building would sit at or above the $5,000,000 Phase 2 line.
Lease it out
A 12-month arm’s-length lease to a tenant who makes the apartment their primary residence removes the surcharge for that unit. See every exemption and what proves it.
In this building, 5 leases closed on the RLS in the last 24 months at a median of $23,000 a month. By bedroom count: two-bedrooms $23,000 (3). The most recent was in June 2025. Median time from listing to signed lease: 79 days. Source: RLS closed leases, building totals only.
What apartments ask in Central Park South
| Size | Median asking rent / month | Range | Source |
|---|---|---|---|
| Studio | $4,350 | $3,915 to $4,785 | StreetEasy median asking rent, Central Park South, July 2026 |
| One bedroom | $10,000 | $9,000 to $11,000 | StreetEasy median asking rent, Central Park South, July 2026 |
| Two bedrooms | $15,000 | $13,500 to $16,500 | StreetEasy median asking rent, Central Park South, July 2026 |
| Three or more bedrooms | $25,000 | $22,500 to $27,500 | StreetEasy median asking rent, Central Park South, July 2026 |
Asking rents, not signed leases. RLS rows use the 25th to 75th percentile of active listings; StreetEasy rows show 10% either side of the median. RLS data provided by the REBNY Listing Service, deemed reliable but not guaranteed.
Run the keep, lease or sell math
The calculator opens with this building’s median DOF value filled in. Change it to your own unit’s figures.
Have Milton lease it
- A 12-month lease to a tenant who makes it their primary residence, papered so the exemption holds (how the REBNY lease rider works).
- Tenant screening and the lease handled end to end.
- Listed on the RLS and the major portals.
Milton Coste, Licensed Real Estate Associate Broker, Keller Williams NYC
Have Milton sell it
- The DOF figure above is a tax number, not a price. 30 apartments in this building closed on the RLS in the last 24 months at a median of $12,916,227; I price from those closings and the nearest comparables.
- Marketing, showings, the board or offering-plan paperwork and the closing, handled end to end.
- Listed on the RLS and the major portals.
See the closings in this building
Milton Coste, Licensed Real Estate Associate Broker, Keller Williams NYC
Check your own unit
Pick your apartment at 217 West 57th Street and see its value, band and annual figure on screen. Open the check for this building.
Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | 917.416.7433
The top 10 unit values on the DOF roll
| Apartment | DOF market value | Over or under the line | Phase 1 surcharge / yr |
|---|---|---|---|
| 129 | $10,673,622 | Over | $693,785 |
| 107 | $7,331,990 | Over | $476,579 |
| 127 | $7,011,448 | Over | $455,744 |
| 53 | $4,528,489 | Over | $237,746 |
| 126 | $4,319,890 | Over | $226,794 |
| 125 | $4,310,000 | Over | $226,275 |
| 124 | $4,299,660 | Over | $225,732 |
| 123 | $4,289,769 | Over | $225,213 |
| 122 | $4,279,429 | Over | $224,670 |
| 121 | $4,269,539 | Over | $224,151 |
The 10 highest DOF values of 179 units. Apartment numbers and values as DOF published them; no owner information is collected or shown.
See all 179 units on the roll
Every apartment’s DOF market value, over or under the line, and the Phase 1 figure, in one table. Leave your details and the table opens right here.
Around 217 West 57th Street
- Central Park South pied-a-terre tax exposure
- Manhattan pied-a-terre tax exposure
- Central Park South market report
- Selling in Central Park South
- Keep, lease or sell calculator
Ready to see your own number?
The lookup is free and shows the figure on screen first. If you want to talk through keeping, leasing or selling, call or message me.
Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | 917.416.7433
More on the NYC pied-a-terre tax
This page is educational and is not legal or tax advice. Rates, thresholds and dates come from NY Tax Law Article 30-C (text of the statute) and the NYC Department of Finance (non-primary residence surcharge page), checked October 9, 2026. Values come from the DOF supplemental market value roll of July 24, 2026 (DOF property assessments). A value on the roll shows exposure, not liability: the roll carries no occupancy information, and DOF says appearing on it does not mean a property is subject to the surcharge. Confirm your own situation with a New York attorney or your accountant. Milton Coste, Licensed Real Estate Associate Broker, Keller Williams NYC, 360 Madison Avenue, 9th Floor, New York, NY 10017.