Midtown East · Building Analysis · FY 2026–27 Roll

The Centrale

Here is what the pied-à-terre tax actually means inside this building — from the official Department of Finance assessment roll, unit by unit.

The building by the numbers

MetricValue
Residential condo units on the roll124
Median DOF market value$601,438
DOF market-value range$347,964 – $2,412,925
Units over the $1M surcharge threshold14 (11%)
Top-unit surcharge if non-primary$96,517 / year

Every condo and co-op in New York is tested against the pied-à-terre surcharge on its DOF market value — the "Market Value" line on the Notice of Property Value (an income-derived Department of Finance figure), not the 45%-of-market assessed value on your regular tax bill. In The Centrale, that test splits the building: 11% of units clear the $1,000,000 market-value threshold and owe a flat 4%–6.5% of their full market value for any year they are not someone's primary residence, while the rest owe nothing under Phase 1 (through June 30, 2028). Phase 2 re-tests everyone in 2028.

Sample units from the FY 2026–27 roll

UnitDOF market valueAssessed valueEst. surcharge if non-primary
Apt 32B$347,964$156,584$0 — under threshold
Apt 22D$529,338$238,202$0 — under threshold
Apt 12C$601,438$270,647$0 — under threshold
Apt 39A$684,741$308,133$0 — under threshold
Apt PH70$2,412,925$1,085,816$96,517 / yr

Owners in Midtown East: 11% of units here test over the $1M threshold, so the surcharge reaches a real share of this building. The exemptions are real, though: a unit occupied >half the year by you or an immediate family member, or leased arm's-length for 12+ months, owes nothing. The main guide covers every rule; the free check below gives you your unit's exact numbers.

What's YOUR unit's DOF market value?

Free emailed report: official DOF market value (the surcharge base), assessed value, surcharge test, and — if you're over the line — what a 12-month lease or a sale would look like. Usually within the hour.

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Figures from the public NYC DOF assessment roll (dataset 8y4t-faws), FY 2026–27. Educational information, not tax or legal advice. The surcharge is the flat statutory rate applied to the unit's full DOF market value once it exceeds the $1M threshold. Unit designations are public record; no ownership information is shown.

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