The building by the numbers
| Metric | Value |
|---|---|
| Residential condo units on the roll | 156 |
| Median DOF market value | $665,216 |
| DOF market-value range | $337,744 – $3,134,802 |
| Units over the $1M surcharge threshold | 27 (17%) |
| Top-unit surcharge if non-primary | $164,577 / year |
Every condo and co-op in New York is tested against the pied-à-terre surcharge on its DOF market value — the "Market Value" line on the Notice of Property Value (an income-derived Department of Finance figure), not the 45%-of-market assessed value on your regular tax bill. In One Central Park West, that test splits the building: 17% of units clear the $1,000,000 market-value threshold and owe a flat 4%–6.5% of their full market value for any year they are not someone's primary residence, while the rest owe nothing under Phase 1 (through June 30, 2028). Phase 2 re-tests everyone in 2028.
Sample units from the FY 2026–27 roll
| Unit | DOF market value | Assessed value | Est. surcharge if non-primary |
|---|---|---|---|
| Apt 25F | $337,744 | $151,985 | $0 — under threshold |
| Apt 25B | $526,207 | $236,793 | $0 — under threshold |
| Apt 44D | $666,135 | $299,761 | $0 — under threshold |
| Apt 35A | $938,004 | $422,102 | $0 — under threshold |
| Apt PH52B | $3,134,802 | $1,410,661 | $164,577 / yr |
Owners in Central Park West: 17% of units here test over the $1M threshold, so the surcharge reaches a real share of this building. The exemptions are real, though: a unit occupied >half the year by you or an immediate family member, or leased arm's-length for 12+ months, owes nothing. The NYC pied-à-terre tax guide covers every rule; the free check below gives you your unit's exact numbers.
Frequently asked questions
Does the NYC pied-à-terre tax apply to One Central Park West?
It depends on the unit. On the FY 2026–27 DOF roll, One Central Park West in Central Park West has 156 residential units with a median DOF market value of $665,216. 27 of 156 units (17%) are over the $1,000,000 DOF market-value threshold and owe the surcharge for any year they are not a primary residence; the rest owe nothing under Phase 1. The surcharge is a flat 4%–6.5% of a unit's full DOF market value once it clears $1,000,000; units below that owe nothing under Phase 1, which runs through June 30, 2028.
How much is the pied-à-terre tax at One Central Park West?
It is charged on a unit's full DOF market value, not the lower assessed value on your regular tax bill. A One Central Park West unit at the building's median DOF market value of $665,216 would owe about $0 per year in years it is not a primary residence, and the highest-valued unit here would owe up to $164,577 per year. DOF market values in the building run from $337,744 to $3,134,802 on the FY 2026–27 roll.
Which units at One Central Park West owe the pied-à-terre surcharge?
27 of 156 units (17%) are over the $1,000,000 DOF market-value threshold and owe the surcharge for any year they are not a primary residence; the rest owe nothing under Phase 1. The test is on DOF market value — the income-derived "Market Value" figure on the Notice of Property Value — not the lower assessed value. Whether a given unit actually owes in a given year also depends on use: the surcharge applies only when the unit is not someone's primary residence.
How can I avoid the pied-à-terre tax at One Central Park West?
A One Central Park West unit owes nothing in any of three cases: it is occupied more than half the year by you or an immediate family member as a primary residence; it is leased to a tenant on an arm's-length lease of 12 months or more; or it is sold. Conquest can model the lease-versus-sell numbers for your specific unit at no cost.
How do I check my One Central Park West unit's DOF market value and surcharge for free?
Submit your address and unit at piedaterretax.nyc and Conquest emails you a report with your unit's official DOF market value (the surcharge base), your assessed value, the estimated pied-à-terre surcharge, and — if you are over the threshold — what a 12-month lease or a sale would look like. Usually within the hour.
What's YOUR unit's DOF market value?
Free emailed report: official DOF market value (the surcharge base), assessed value, surcharge test, and — if you're over the line — what a 12-month lease or a sale would look like. Usually within the hour.
Check My Unit — FreeFigures from the public NYC DOF assessment roll (dataset 8y4t-faws), FY 2026–27. Educational information, not tax or legal advice. The surcharge is the flat statutory rate applied to the unit's full DOF market value once it exceeds the $1M threshold. Unit designations are public record; no ownership information is shown.