Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Gowanus Pied-a-Terre Tax Exposure

On the July 24, 2026 DOF roll, 12 condo and co-op units in Gowanus are valued at $1,000,000 or more, about $661,747 a year of Phase 1 exposure if none were a primary residence.

Updated October 9, 2026

Condo and co-op units on the roll

3,303

Units at or over $1,000,000

12

Median value of those units

$1,308,510

Unit exposure / yr

$661,747

Houses in Gowanus: 6,159 one- to three-family homes are on the roll, and 671 are valued at $5,000,000 or more, with a median value of $5,775,000 among those. Individual houses are never listed.

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

Buildings in Gowanus with units over the line

BuildingTypeUnits over the lineTop DOF valuePhase 1 exposure / yr
597 President StreetCondo3 of 4$1,704,837$204,579
243 Fourth AvenueCondo3 of 19$1,045,533$123,413
292 7th StreetCondo1 of 4$1,882,320$75,293
554 Fourth AvenueCondo1 of 40$1,607,059$64,282
559 Carroll StreetCondo1 of 9$1,451,730$58,069
225 14th StreetCondo1 of 9$1,165,289$46,612
232 7th StreetCondo1 of 7$1,156,230$46,249
161 12th StreetCondo1 of 8$1,081,249$43,250

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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