Manhattan · Tribeca · Neighborhood Analysis

The Pied-à-Terre Tax in Tribeca

Tribeca's condo lofts are among the most exposed housing stock in the city: big floor plates, high DOF market values, and a heavy second-home share.

8,134
condo & co-op units on the roll
2,249 (28%)
over the $1M threshold
$1.4M
median DOF value, exposed units
$161.3M
max annual surcharge, pre-exemption

ZIP codes 10007, 10013 · DOF roll date July 24, 2026

What the roll says about Tribeca

Across Tribeca, the Department of Finance's roll lists 8,134 condo and co-op units, and 2,249 of them — 28% — 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 $161.3M 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 Tribeca the median DOF value among exposed units is $1.4M; across all units it is $678K. Co-ops are valued by DOF's fractional-share method, which can surprise shareholders on the high side.

The most exposed buildings in Tribeca

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
30 Park Place1000715573$4.2M$4.8M
443 Greenwich Street100135351$5.9M$4.7M
56 Leonard Street1001314675$3.0M$4.3M
101 Warren Street1000721866$3.6M$3.4M
565 Broome Street1001311156$4.3M$3.4M
140 West Street1000715755$3.5M$2.9M
70 Vestry Street100134639$4.1M$2.9M
2 Park Place100073228$5.6M$2.6M
87 Leonard Street1001377$6.1M$2.4M
111 Murray Street1000715731$3.7M$1.8M
11 Beach Street100132727$2.8M$1.7M
180 Avenue Of The Amer100132519$4.1M$1.4M

Tower-by-tower write-ups

Full unit-level analyses for Tribeca's best-known buildings:

56 Leonard Street →The Four Seasons Private Residences →One Hundred Barclay Tribeca →111 Murray Street →The Woolworth Tower Residences →443 Greenwich Street →101 Warren Street →108 Leonard →70 Vestry Street →One York Street →250 West Street →

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Methodology. Figures aggregate DOF's Supplemental Market Value Roll (July 2026) for ZIP codes 10007, 10013 — 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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