Do You Owe NYC’s Pied-à-Terre Tax on Your Second Home?
Who owes NYC’s pied-à-terre tax, who is exempt, what the court ruling changed, and when the first bill is due on January 1, 2027. A plain-English guide.

Manhattan closed 2,596 apartment sales in Q2 2024, up 45% from Q1. Michael J. Franco on luxury contracts, Midtown East value, and the election pause.
Manhattan contracts rose 8% and sales 2% in Q3 2024 as inventory sat 10% below average. Michael J. Franco on luxury gains and falling price per sq ft.
Manhattan signed contracts jumped 22% in Q4 2024 as the median fell 4% to $1.1M. Michael J. Franco on what drove the surge and what came next.
Manhattan closed sales rose 5.2% in Q2 2025 and $10M+ sales jumped 66.7%. Michael J. Franco on condos vs. co-ops, tight inventory, and cash buyers.
High maintenance fees in Manhattan are not automatically a red flag, and sometimes they are the point. A monthly charge...
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