Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Central Park South Pied-a-Terre Tax Exposure

On the July 24, 2026 DOF roll, 1,269 condo and co-op units in Central Park South are valued at $1,000,000 or more, about $118.2 million a year of Phase 1 exposure if none were a primary residence.

Updated October 9, 2026

Condo and co-op units on the roll

6,388

Units at or over $1,000,000

1,269

Median value of those units

$1,606,680

Unit exposure / yr

$118.2 million

Each figure is a ceiling that assumes no over-the-line home is anyone’s primary residence. Buildings are placed in Central Park South by their geocoded address; houses are grouped by ZIP code into the nearest neighborhood.

Buildings in Central Park South with units over the line

BuildingTypeUnits over the lineTop DOF valuePhase 1 exposure / yr
217 West 57th StreetCondo144 of 179$10,673,622$14,341,858
220 Central Park SouthCondo89 of 117$15,553,855$12,298,430
157 West 57th StreetCondo91 of 132$8,374,427$8,880,099
53 West 53rd StreetCondo111 of 161$4,779,125$8,814,009
111 West 57th StreetCondo56 of 60$5,694,756$8,366,677
432 Park AvenueCondo92 of 126$5,755,822$8,037,613
25 Columbus CircleCondo60 of 227$11,792,790$7,142,781
768 Fifth AvenueCondo79 of 163$6,816,378$6,040,119
465 Park AvenueCondo1 of 1$66,612,000$4,329,780
721-725 Fifth AvenueCondo50 of 231$6,019,167$3,407,878
333 West 57th StreetCondo1 of 1$42,138,444$2,738,999
15 West 53rd StreetCondo35 of 245$4,614,451$2,355,117
828-840 Seventh AvenueCondo1 of 5$34,816,772$2,263,090
106 Central Park SouthCondo39 of 334$2,088,688$2,081,640
781 Fifth AvenueCo-op31 of 31$4,270,007$1,944,915
230 West 56th StreetCondo28 of 107$4,326,912$1,705,307
480 Park AvenueCo-op29 of 152$1,999,650$1,496,739
500 Park AvenueCondo23 of 56$3,638,742$1,406,326
146 West 57th StreetCondo22 of 240$3,838,857$1,388,151
785 Fifth AvenueCo-op16 of 60$5,639,658$1,242,535
24 Central Park SouthCo-op26 of 35$1,581,510$1,229,229
641 Fifth AvenueCondo14 of 224$5,547,884$1,202,806
150-156 West 56th StreetCondo17 of 337$3,933,880$1,142,817
730 Fifth AvenueCondo16 of 22$4,232,749$1,135,066
50 Central Park SouthCondo12 of 12$3,487,518$1,105,554

Phase 1 exposure is the flat surcharge on every unit at or over the line, as if none were a primary residence. It is a ceiling, not a bill.

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Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | 917.416.7433

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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.

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