Condo and co-op units on the roll
2,634
Units at or over $1,000,000
399
Median value of those units
$1,436,051
Unit exposure / yr
$53.1 million
Houses in Chelsea: 20 one- to three-family homes are on the roll, and 12 are valued at $5,000,000 or more, with a median value of $7,018,000 among those. Individual houses are never listed.
Each figure is a ceiling that assumes no over-the-line home is anyone’s primary residence. Buildings are placed in Chelsea by their geocoded address; houses are grouped by ZIP code into the nearest neighborhood.
Buildings in Chelsea with units over the line
| Building | Type | Units over the line | Top DOF value | Phase 1 exposure / yr |
|---|---|---|---|---|
| 405 West 23rd Street | Condo | 2 of 2 | $109,070,134 | $12,921,740 |
| 555 West 22nd Street | Condo | 66 of 141 | $4,156,238 | $4,223,129 |
| 249 Eighth Avenue | Condo | 1 of 1 | $51,261,812 | $3,332,018 |
| 360 West 22nd Street | Condo | 1 of 1 | $50,387,161 | $3,275,165 |
| 160 Seventh Avenue | Condo | 1 of 1 | $44,371,600 | $2,884,154 |
| 177 Ninth Avenue | Condo | 1 of 1 | $43,971,606 | $2,858,154 |
| 551 West 21st Street | Condo | 31 of 44 | $4,033,241 | $2,148,831 |
| 505 West 19th Street | Condo | 18 of 35 | $3,521,105 | $1,462,590 |
| 225 Eighth Avenue | Condo | 1 of 1 | $20,521,800 | $1,333,917 |
| 503 West 24th Street | Condo | 5 of 5 | $9,914,897 | $1,287,581 |
| 200 Eleventh Avenue | Condo | 14 of 15 | $3,213,918 | $1,066,195 |
| 508 West 24th Street | Condo | 14 of 14 | $2,842,546 | $946,953 |
| 514 West 24th Street | Condo | 14 of 14 | $2,871,397 | $883,720 |
| 532 West 20th Street | Condo | 9 of 9 | $2,590,646 | $878,200 |
| 500 West 21st Street | Condo | 15 of 33 | $2,013,092 | $802,001 |
| 556 West 24th Street | Condo | 8 of 8 | $3,341,536 | $727,770 |
| 177 Ninth Avenue | Co-op | 14 of 54 | $2,132,277 | $721,882 |
| 100 Eleventh Avenue | Condo | 10 of 57 | $3,154,238 | $695,978 |
| 515 West 23rd Street | Condo | 11 of 11 | $2,432,009 | $649,022 |
| 524 West 19th Street | Condo | 8 of 8 | $3,165,460 | $639,152 |
| 500 West 25th | Condo | 8 of 8 | $3,416,811 | $584,911 |
| 245 Tenth Avenue | Condo | 11 of 18 | $1,748,768 | $556,499 |
| 447 West 18th Street | Condo | 9 of 46 | $2,576,102 | $503,512 |
| 120 Eleventh Avenue | Condo | 8 of 10 | $1,768,823 | $494,518 |
| 211 West 18th Street | Condo | 6 of 8 | $2,892,752 | $458,852 |
Phase 1 exposure is the flat surcharge on every unit at or over the line, as if none were a primary residence. It is a ceiling, not a bill.
Own in Chelsea?
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Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | 917.416.7433
More on Chelsea
- Chelsea market report
- Selling in Chelsea
- Manhattan pied-a-terre tax exposure
- Keep, lease or sell calculator
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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.