Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Roosevelt Island Pied-a-Terre Tax Exposure

On the July 24, 2026 DOF roll, 42 condo and co-op units in Roosevelt Island are valued at $1,000,000 or more, about $7.3 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

1,295

Units at or over $1,000,000

42

Median value of those units

$1,266,884

Unit exposure / yr

$7.3 million

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

Buildings in Roosevelt Island with units over the line

BuildingTypeUnits over the lineTop DOF valuePhase 1 exposure / yr
551 Main StreetCondo1 of 1$78,260,970$5,086,963
524 East 72nd StreetCondo15 of 146$2,395,990$893,421
530 East 76th StreetCondo18 of 209$2,155,448$876,824
515 East 72nd StreetCondo7 of 323$2,379,744$434,449
531 East 72nd StreetCo-op1 of 47$1,300,996$52,040

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

More on Roosevelt Island

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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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