Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Midtown South Pied-a-Terre Tax Exposure

On the July 24, 2026 DOF roll, 89 condo and co-op units in Midtown South are valued at $1,000,000 or more, about $4.7 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

785

Units at or over $1,000,000

89

Median value of those units

$1,201,832

Unit exposure / yr

$4.7 million

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

Buildings in Midtown South with units over the line

BuildingTypeUnits over the lineTop DOF valuePhase 1 exposure / yr
252 Seventh AvenueCondo25 of 352$2,324,559$1,338,929
213 West 23rd StreetCondo12 of 12$2,134,153$597,562
215 West 28th StreetCondo12 of 87$1,336,887$557,562
144 West 27th StreetCondo6 of 24$2,935,708$378,675
215 West 29th StreetCondo6 of 6$1,275,866$306,171
141 West 24th StreetCondo4 of 4$2,826,320$300,720
291 Seventh AvenueCondo5 of 8$1,851,453$258,924
245 Seventh AvenueCondo3 of 33$1,885,787$172,964
341 West 29th StreetCondo2 of 2$1,918,000$153,440
231 West 26th StreetCondo3 of 7$1,296,900$136,031
236 West 26th StreetCo-op3 of 28$1,183,364$132,160
261 West 25th StreetCondo2 of 49$1,045,421$82,441
237 West 26th StreetCondo1 of 4$1,323,462$52,938
159 West 24th StreetCondo1 of 24$1,222,757$48,910
236 West 24th StreetCondo1 of 5$1,183,202$47,328
200 West 24th StreetCondo1 of 20$1,173,167$46,927
315 Seventh AvenueCondo1 of 91$1,063,214$42,529
408 Eighth AvenueCondo1 of 29$1,024,859$40,994

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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