Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

South Street Seaport Pied-a-Terre Tax Exposure

On the July 24, 2026 DOF roll, 37 condo and co-op units in South Street Seaport are valued at $1,000,000 or more, about $2.3 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

1,808

Units at or over $1,000,000

37

Median value of those units

$1,217,596

Unit exposure / yr

$2.3 million

Houses in South Street Seaport: 15 one- to three-family homes are on the roll, and 9 are valued at $5,000,000 or more, with a median value of $7,428,000 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 South Street Seaport by their geocoded address; houses are grouped by ZIP code into the nearest neighborhood.

Buildings in South Street Seaport with units over the line

BuildingTypeUnits over the lineTop DOF valuePhase 1 exposure / yr
130 William StreetCondo21 of 241$2,464,534$1,071,945
101 Wall StreetCondo7 of 51$1,678,199$373,298
275 Water StreetCo-op5 of 5$2,032,000$293,421
46-50 Fulton StreetCondo1 of 1$4,679,131$245,654
150 Nassau StreetCondo1 of 125$4,328,125$227,227
28 Cliff StreetCondo1 of 3$1,231,319$49,253
247 Water StreetCondo1 of 5$1,199,997$48,000

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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