Manhattan · Midtown West & Billionaires' Row · Neighborhood Analysis

The Pied-à-Terre Tax in Midtown West & Billionaires' Row

Home of Billionaires' Row — 220 Central Park South, One57, Central Park Tower — the buildings the tax was written about, and the single largest pool of surcharge dollars in the city.

12,983
condo & co-op units on the roll
1,039 (8%)
over the $1M threshold
$1.5M
median DOF value, exposed units
$88.1M
max annual surcharge, pre-exemption

ZIP codes 10019, 10018, 10036 · DOF roll date July 24, 2026

What the roll says about Midtown West & Billionaires' Row

Across Midtown West & Billionaires' Row, the Department of Finance's roll lists 12,983 condo and co-op units, and 1,039 of them — 8% — 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 $88.1M 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 Midtown West & Billionaires' Row the median DOF value among exposed units is $1.5M; across all units it is $348K. Co-ops are valued by DOF's fractional-share method, which can surprise shareholders on the high side.

The most exposed buildings in Midtown West & Billionaires' Row

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
217 West 57th Street10019179144$10.7M$14.3M
220 Central Park South1001911789$15.6M$12.3M
157 West 57 Street1001913291$8.4M$8.9M
53 West 53rd Street10019161111$4.8M$8.8M
111 West 57 Street100196056$5.7M$8.4M
768 5 Avenue1001916379$6.8M$6.0M
25 Columbus Circle1001916439$11.8M$4.1M
15 West 53 Street1001924535$4.6M$2.4M
106 Central Park South1001933439$2.1M$2.1M
230 West 56 Street1001910728$4.3M$1.7M
146 West 57 Street1001923822$3.8M$1.4M
24 Central Park South100193526$1.6M$1.2M

Tower-by-tower write-ups

Full unit-level analyses for Midtown West & Billionaires' Row's best-known buildings:

The Plaza →220 Central Park South →One57 →Fifteen Hudson Yards →53 West 53 →Sheffield 57 →J.W. Marriott Essex House →Metropolitan Tower →Museum Tower →The Residences at 400 Fifth Avenue →Central Park Place →Baccarat Hotel & Residences →Manhattan View at MiMa →The Bryant →The Centria →The Park Imperial →Centurion →111 West 57th Street (Steinway Tower) →

Own in Midtown West & Billionaires' Row? Get your exact number.

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Methodology. Figures aggregate DOF's Supplemental Market Value Roll (July 2026) for ZIP codes 10019, 10018, 10036 — 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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