How many Manhattan apartments owe the NYC pied-à-terre tax?

On DOF's July 2026 Supplemental Market Value Roll, Manhattan has 157,176 condo and co-op units; 16,736 (11%) have a DOF market value over the $1,000,000 Phase-1 threshold. Citywide, 24,173 properties of all types are over their thresholds, with a combined maximum annual surcharge of $1.73B.

Which Manhattan neighborhood has the most pied-à-terre tax exposure?

Measured by combined maximum annual surcharge on DOF's roll, the Upper East Side leads ($286.5M/yr across 4,613 exposed units), followed by Tribeca ($161.3M/yr). Tribeca has the highest concentration: 28% of its condo and co-op units are over the $1M threshold.

Manhattan Pied-à-Terre Tax by Neighborhood: 16,736 Units Over the Threshold

157,176

Manhattan condo & co-op units

16,736 (11%)

over the $1M threshold

$1.15B

max annual surcharge, Manhattan

$1.73B

max annual surcharge, citywide

Manhattan carries the overwhelming share of New York's pied-à-terre tax: of the roughly 24,173 properties citywide over their surcharge thresholds on the Department of Finance's July 2026 roll, 16,736 are Manhattan condo and co-op units — about 69% — representing $1.15B of the citywide $1.73B maximum annual surcharge. The pages below break that exposure down neighborhood by neighborhood: how many units are over the line, the median DOF market value, and the specific buildings carrying the largest bills.

Tribeca
8,134 units · 2,249 over the $1M threshold (28%) · max surcharge $161.3M/yr
SoHo & NoHo
2,313 units · 935 over the $1M threshold (40%) · max surcharge $80.8M/yr
Upper East Side
32,766 units · 4,613 over the $1M threshold (14%) · max surcharge $286.5M/yr
Upper West Side
28,320 units · 2,368 over the $1M threshold (8%) · max surcharge $146.1M/yr
Midtown East
23,480 units · 1,694 over the $1M threshold (7%) · max surcharge $119.6M/yr
Midtown West & Billionaires' Row
12,983 units · 1,039 over the $1M threshold (8%) · max surcharge $88.1M/yr
Chelsea & Hudson Yards
11,343 units · 1,709 over the $1M threshold (15%) · max surcharge $111.2M/yr
Greenwich Village & West Village
8,666 units · 1,077 over the $1M threshold (12%) · max surcharge $86.3M/yr
Flatiron, Gramercy & Union Square
3,657 units · 415 over the $1M threshold (11%) · max surcharge $27.3M/yr
Financial District & Battery Park City
10,572 units · 352 over the $1M threshold (3%) · max surcharge $21.9M/yr
Lower East Side & East Village
4,094 units · 224 over the $1M threshold (5%) · max surcharge $12.7M/yr

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Methodology. Neighborhood figures aggregate DOF's Supplemental Market Value Roll (July 2026) by ZIP code; ZIP boundaries approximate neighborhood borders. Condo, co-op and mixed condo units only — 1–3-family houses are covered at ZIP level in the database. "Max annual surcharge" assumes no exemptions; actual collections will be lower. Educational information, not tax or legal advice.