Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

429 Kent Avenue Pied-a-Terre Tax: DOF Values and Surcharge Exposure

DOF market values for every unit on the July 24, 2026 roll, how many sit over the $1,000,000 line, and what the Phase 1 surcharge would come to.

Updated October 9, 2026

429 Kent Avenue is a condominium in Williamsburg, Brooklyn with 216 units on the Department of Finance’s July 24, 2026 supplemental roll. 30 of them carry a DOF market value of $1,000,000 or more, and the median value across the building is $361,751.

Units on the roll

216

At or over $1,000,000

30 (14%)

Top DOF value

$1,909,611

Phase 1 exposure / yr

$1,472,474

If none of the over-the-line units were a primary residence, the Phase 1 surcharge would total about $1,472,474 a year. That is a ceiling: owners who live there, lease for a year or more to a primary-resident tenant, or house an immediate family member owe nothing. See every exemption.

How values spread across the building

Under $500,000
161
$500,000 to $999,999
25
$1,000,000 to $2,999,999
30
$3,000,000 to $4,999,999
0
$5,000,000 and up
0

Phase 2 sensitivity

From July 1, 2028, Phase 2 moves condos and co-ops to a $5,000,000 threshold and the 0.8%, 1.05% and 1.3% schedule, measured under a new DOF assessed-value system that DOF has not finalized. It is scheduled, not settled. On today’s DOF values, 0 units in this building would sit at or above the $5,000,000 Phase 2 line.

Check your own unit

Pick your apartment at 429 Kent Avenue and see its value, band and annual figure on screen. Open the check for this building.

Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | 917.416.7433

The top 10 unit values on the DOF roll

ApartmentDOF market valueOver or under the linePhase 1 surcharge / yr
PH2$1,909,611Over$76,384
PH3$1,909,499Over$76,380
PH1$1,899,898Over$75,996
PH5$1,895,945Over$75,838
L32$1,182,043Over$47,282
L53$1,181,366Over$47,255
L33$1,181,253Over$47,250
L52$1,181,027Over$47,241
L62$1,180,914Over$47,237
L63$1,180,914Over$47,237

The 10 highest DOF values of 216 units. Apartment numbers and values as DOF published them; no owner information is collected or shown.

See all 216 units on the roll

Every apartment’s DOF market value, over or under the line, and the Phase 1 figure, in one table. Leave your details and the table opens right here.

Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | License #10301213304

For sale in this building now

Listing photo

$1,050,000

#639 · 1 bed · 1 bath

Listing by Compass

Listing photo

$5,500,000

#PH3 · 5 bed · 7 bath

Listing by Compass

Listing photo

$1,050,000

#632 · 1 bed · 1 bath

Listing by I&A REALTY GROUP LLC

Listing photo

$2,200,000

#901 · 2 bed · 2 bath

Listing by Serhant

Listing photo

$999,000

#239 · 1 bed · 1 bath

Listing by I&A REALTY GROUP LLC

Listing photo

$1,145,000

#706 · 1 bed · 1 bath

Listing by I&A REALTY GROUP LLC

RLS Logo

Listing data provided by the REBNY Listing Service (RLS) and may not reflect all available activity. All listing information is deemed reliable but not guaranteed. The listing broker is identified on each listing.

Around 429 Kent Avenue

Ready to see your own number?

The lookup is free and shows the figure on screen first. If you want to talk through keeping, leasing or selling, call or message me.

Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | 917.416.7433

More on the NYC pied-a-terre tax

This page is educational and is not legal or tax advice. Rates, thresholds and dates come from NY Tax Law Article 30-C (text of the statute) and the NYC Department of Finance (non-primary residence surcharge page), checked October 9, 2026. Values come from the DOF supplemental market value roll of July 24, 2026 (DOF property assessments). A value on the roll shows exposure, not liability: the roll carries no occupancy information, and DOF says appearing on it does not mean a property is subject to the surcharge. Confirm your own situation with a New York attorney or your accountant. Milton Coste, Licensed Real Estate Associate Broker, Keller Williams NYC, 360 Madison Avenue, 9th Floor, New York, NY 10017.

Call Text Valuation