Manhattan · Greenwich Village & West Village · Neighborhood Analysis

The Pied-à-Terre Tax in Greenwich Village & West Village

Townhouse blocks and boutique condos where even modest-looking buildings clear the $1M DOF threshold.

8,666
condo & co-op units on the roll
1,077 (12%)
over the $1M threshold
$1.5M
median DOF value, exposed units
$86.3M
max annual surcharge, pre-exemption

ZIP codes 10003, 10014 · DOF roll date July 24, 2026

What the roll says about Greenwich Village & West Village

Across Greenwich Village & West Village, the Department of Finance's roll lists 8,666 condo and co-op units, and 1,077 of them — 12% — carry a DOF market value over the $1,000,000 Phase-1 threshold. Each of those units owes a flat 4%–6.5% of its full DOF market value for any year it is not someone's primary residence. If every exposed unit here paid with no exemption, the neighborhood's combined bill would be $86.3M a year — the ceiling, not the forecast, since primary residents and 12-month-leased units owe nothing.

The threshold test uses the DOF market value — the "Market Value" line on the Notice of Property Value — not the assessed value and not what the apartment last sold for. In Greenwich Village & West Village the median DOF value among exposed units is $1.5M; across all units it is $430K. Co-ops are valued by DOF's fractional-share method, which can surprise shareholders on the high side.

The most exposed buildings in Greenwich Village & West Village

Ranked by combined maximum annual surcharge of over-threshold units. Buildings with a full Conquest write-up are linked.

BuildingZIPUnitsOver $1MTop DOF valueMax surcharge/yr
150 Charles Street100149175$3.5M$5.1M
607 Hudson Street1001499$10.8M$3.2M
1 Morton Square1001414237$3.5M$2.1M
215 East 19 Street1000322337$3.6M$2.0M
400 West 12 Street100146026$2.9M$1.8M
397 West 12 Street1001455$9.0M$1.8M
66 East 11 Street1000366$7.6M$1.6M
275 West 10 Street100145426$3.5M$1.5M
140 Perry Street1001488$6.1M$1.5M
345 West 13 Street100144628$2.0M$1.4M
160 Leroy Street100145621$4.2M$1.4M
57 Irving Place1000399$6.4M$1.4M

Tower-by-tower write-ups

Full unit-level analyses for Greenwich Village & West Village's best-known buildings:

160 Leroy Street →150 Charles Street →Devonshire House →The Greenwich Lane — 160 West 12th Street →299 West 12th Street →Superior Ink →Morton Square →The Greenwich Lane — 155 West 11th Street →One Jackson Square →21E12 →The Greenwich Lane — 150 West 12th Street →The Greenwich Lane — 140 West 12th Street →The Greenwich Lane — 145 West 11th Street →

Own in Greenwich Village & West Village? Get your exact number.

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Methodology. Figures aggregate DOF's Supplemental Market Value Roll (July 2026) for ZIP codes 10003, 10014 — ZIP boundaries approximate neighborhood borders, so edge blocks may sit in an adjacent page's totals. Condo, co-op and mixed condo units only; 1–3-family houses are excluded here and covered in the database at ZIP level. "Max annual surcharge" assumes no unit qualifies for an exemption; actual collections will be lower. Educational information, not tax or legal advice.

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