If you have always wanted to own a New York City pied-à-terre, now is a good time to make it happen. There are lots of high-end apartments on the market in buildings that allow pieds-à-terre—and these luxury places have been highly renovated and are priced for a quick sale.
The increase of these luxury listings is likely a result of Covid: Many international and out-of-state pied-à-terre owners are listing their coveted apartments because they don't make it to the city anymore, since the city’s cultural destinations, like Broadway and restaurants, are still mostly shut down—or they face travel restrictions. So they’re selling their second (or third) homes for little more than what they paid in order to offload them quickly.
For buyers, this is an opportunity to buy in co-op or condo buildings that typically have little turnover. Most of these apartments have high-end renovations that were intended for use by the owner and have been lived in minimally. You won’t have to do much work before you move in.
Mortgage rates are still relatively low but be aware an annual pied-à-terre tax is expected to be passed by New York State and you’ll have to pay a one-time mansion tax.
So, if you’re looking to buy a luxury listing in a building that allows pieds-à-terre, here are five on the market in Lenox Hill, Murray Hill, Chelsea, Greenwich Village, and Soho.
170 East 78th St., #7A/6B, Lenox Hill
This two-bedroom, two-bath co-op is listed for $2,175,000. Apartment #7A/6B features high ceilings, oversized casement windows, wide-plank hardwood floors, recessed lighting, high-end appliances, built-ins, two wood-burning fireplaces, custom wine storage for 160 bottles, custom millwork, Lutron lighting, motorized shades, and an in-unit Bosch washer/dryer. Located in a white-glove co-op building, amenities include a full-time doorman, live-in super, and a laundry room. Monthly maintenance is $6,935.
20 East 35th St., #15E, Murray Hill
This two-bedroom, three-bath co-op is listed for $2,500,000. The gut-renovated two-story apartment has wide-plank hardwood floors, beamed ceilings, an accent fireplace, stainless steel appliances, multi-zone air conditioning, walk-in closets, a study, home office, and private terrace. Amenities include a doorman, live-in super, updated lobby, gym, laundry room, and bike storage. Monthly maintenance is $3,401 and includes electricity.
236 West 26th St., #2W, Chelsea
This three-bedroom, four-and-a-half bath co-op is listed for $4,950,000. Apartment #2W has over 4,100 square feet of living space featuring hardwood floors, built-ins, recessed lighting, beamed ceilings, stainless steel appliances, fireplaces, bronze-encased curved windows, millwork, and an in-unit Bosch washer/dryer. Amenities include a live-in super and roof deck. Monthly maintenance is $5,851.
45 East 9th St., #47/48, Greenwich Village
This four-bedroom, four-and-a-half-bath co-op is listed for $6,500,000. The two-story apartment has high vaulted ceilings, built-ins, floor-to-ceiling windows, wood-burning fireplaces, stainless steel appliances, two balconies, and a study. Amenities include a 24-hour doorman, a live-in super, and roof deck. Monthly maintenance is $6,949.
94 Thompson St., #PHT, Soho
This three-bedroom, three-bath co-op is listed for $10,900,000. The penthouse has high ceilings, custom built-in seating, integrated lighting, stainless steel appliances, custom millwork, custom closets, a gas fireplace, zen garden with a Weeping Cherry tree, Savant smart-home system, laundry room, and two landscaped terraces. Amenities include a doorman, super, storage units, and a video intercom system. Monthly maintenance is $9,072.
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