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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

Thinking about becoming a part­-time New Yorker? Then that means you’ll need an apartment to crash while you’re visiting ­­ such a place is better known as a pied-­a-­terre.

Pied-a-terre: What it is

In French, pied-­a-­terre means “foot on the ground.” In New York City, it is known as an apartment, either located in a condo or co-­op building, that the resident only lives in part-time, ­­ maybe for weekends, business trips, or the occasional vacation. This type of apartment is categorized as a “non­primary residence” for the owner. Pied-­a-­terres range from impressive apartments in luxury condo developments, often purchased by wealthy foreign buyers, to more modest, small studios that are priced under seven figures.

Pied-­a-­terre is not a legal definition for a type of apartment. The meaning is subjective, and co­op and condo boards often have different interpretations of it. That means that finding and purchasing one comes with some extra considerations and hurdles for the buyer.

On the other end of the market, pied-­a-­terres tend to be small one-­bedroom apartments or alcove studios with price tags that will not break the bank. It’s hard to find an affordable pied-­a-­terre in the central Manhattan neighborhoods preferred by high­-end investors, so buyers may have to extend their search to other boroughs. Tudor City, a co­op complex in East Midtown known for its dearth of studio apartments, is often a popular destination for buyers seeking affordable pied-­a-­terres. Here, the small spaces come with a few sacrifices, like Murphy beds and kitchenettes with mini-fridges and microwave convection ovens.

Condo vs. Co-op | What the board needs to know

In general, cooperatives put forth much stricter rules about pied-a-terres than condominiums; some co-op boards ban them altogether, others allow them only on a case-by-case basis, and a few buildings do allow them. Either way, the building will often state up front what the pied-a-terre policies are.

Even if one is able to find a pied-a-terre co-op, this purchase requires a full board process and interview with the board. Buyers should be prepared to do due diligence before putting in an offer, and be prepared to be clear about their intended pied-a-terre use. Co-op boards will want to know how often the buyer will be there, who will have access to the apartment when the buyer's away, and any plans for home businesses or renovations.

Condos, on the other hand, offer a hassle-­free purchasing process. Because condo buildings don’t designate if they are pied-­a-­terre friendly or not, pretty much any building is fair game. The only criterion that usually needs to be met by the potential buyer is verified financials.

Renting out a pied-a-terre

Both condos and co-ops typically set forth rules about renting out pied-­a-­terres while the buyer isn’t occupying it. While rules are particular to each building, subletting rules often require that a renter has to be there for one year minimum. Co-­ops typically restrict the length of time an apartment can be rented out to one to ­two years within a five­- to seven-year period. Finally, many buildings don’t allow guests other than immediate family to live there.
Midtown's Plaza District is home to some of the city's most presigous buildings for pied-a-terres

Financing

It should be noted that nabbing financing for a pied-­a-­terre can be a tricky proposition. If it’s a second home, pied-­a-­terres must be at least 60 miles away from the buyer’s primary residence for them to secure a fixed rate loan. Moreover, banks will often charge higher interest rates because the apartment is not a primary residence.

Taxes

Beyond the listing price, pied-a-terre buyers should be aware of property taxes, which have emerged as a hot-button issue among New York City and State legislators in recent years. Unlike the mansion tax, which is a one-time payment at closing, some officials have called for a high annual tax on secondary residents. Proponents see it as a way to generate funds for the city's transportation and infrastructure systems; opponents argue that it would punish luxury buyers and drive them out of state. It remains to be seen what will happen with this, but one tax has always been on the books: Buyers should also be aware that if you own a property in New York State and spend 183 or more days in the state (say, at your Manhattan pied-­a-­terre), you are considered a resident of the state and must pay an income tax.

From the Listing: This generously sized one-bedroom has a desirable layout with large room propositions throughout. The master suite features a separate seating/office area, a huge walk-in closet and a beautiful en suite marble bath. A large kitchen with stainless steel appliances, a washer/dryer, herringbone floors and floor to ceiling windows to let the morning sunlight in. This spectacular full service doorman building has a state of the art gym, pool, kids playroom, party room with catering kitchen, billiard room, bike room and on-site garage. Ideal Upper West Side location, conveniently located close to Riverside Park, the West Side boat basin and bike and jogging paths. See floor plan and full details here.

From the Listing: This beautiful, fully renovated unit features a large living room with wall-to-wall windows, treetop views and ample space for dining and/or home office. Adorned with bespoke new development finishes that capture meticulous attention to detail, no feature has been overlooked in this custom, top-of-the-line renovation. The tastefully designed kitchen offers vast counter space with stunning finishes such as expanded quartz countertops, top-of-the-line appliances (including a Bosch dishwasher) and glazed white tile backsplash. Custom storage solutions, including a spacious pantry closet in the kitchen, built in bookcase and newly-outfitted coat and linen closets complete the stunning look of this special home. See floor plan and full details here.

From the Listing: Tastefully designed, Unit #2208 at 20 Pine Street offers a full service luxury living experience, with one of the best amenity packages available in all of New York City, at an affordable price. High floor with superb natural sunlight and 11' ceilings, the loft is built in the signature Armani Casa design aesthetic with ebony stained hardwood floors, extra large casement windows, and a slick Sub-Zero/Fisher Paykel/Miele kitchen. The massive living room is outfitted with a tasteful set of custom built-ins, that add style and function to the home. The generous sleeping quarters have been upgraded with beautiful Venetian plaster and recessed overhead lighting. Finished with the spa style stone bath, in-unit washer dryer, and newly replaced HVAC units to complete the home. See floor plan and full details here.

From the Listing: This bright and beautiful east-facing one-bedroom home offers views of the East River from both the living room and the bedroom. The 11'10" soaring, beamed ceilings create a tremendous sense of space and feature four contemporary ceiling fans that help with air circulation in all seasons. There are custom built-in bookshelves and tremendous storage throughout. The kitchen features granite countertops and a glass tiled backsplash. The recently renovated oversized bathroom has stylish mosaic tiles, a large vanity, make-up area and oversize walk-in shower and a modern lighting fixture. See floor plan and full details here.

From the Listing: One of the most desirable Junior 1 Lofts at The District! This home features 11' ceilings, oversized tilt-and-turn windows completed with custom electric blinds, oak floors throughout, ample closet space, and a custom multi-room music system. The modern Italian kitchen is outfitted with sophisticated cabinetry, white blizzard Caesarstone countertops, Gaggenau stove, fully- integrated Liebherr refrigerator, Miele dishwasher, and Bosch washer and dryer. Custom, sleek bathroom is equipped with double floating Italian vanity and elegant stone tiles. The apartment comes with its own private storage. See floor plan and full details here.

From the Listing: Move right in to a flexible, oversized alcove studio in the heart of the Upper West Side! On West 85th Street, between Broadway and West End Avenue, Apt. 5A is one of three apartments on the floor, ensuring privacy and quiet. Serene and sunny, its expanse of windows reveals treetop views of neighboring gardens. The spacious living room lets you entertain with ease. A large alcove can be your choice of dining room, home office or sleeping area, large enough to fit a queen size bed. The ample separate kitchen is fully equipped with new appliances. The marble bathroom has a full-size tub and is adjacent to a private dressing area! Storage galore includes an ample coat closet at the entry and a pantry in the kitchen. See floor plan and full details here.

From the Listing: Surround yourself with great views, and exceptional interiors in this designer oversized studio, home in a full-service luxury Gramercy condominium. A glorious destination for serene relaxation this unit features wide-plank hardwood floors, tall ceilings, floor-to-ceiling windows and spacious south-facing windows where the city skyline unfolds at your feet. There's a generous living area, and the sleek chef's kitchen is a minimalist masterpiece featuring lacquer cabinetry and premium appliances by Sub-Zero and Miele. An in-unit washer-dryer and central air add comfort and ease to this lovely Gramercy hideaway. See floor plan and full details here.

From the Listing: Located on a high first floor through the newly renovated lobby and beyond the elevator, you enter into a gracious foyer with plenty of room for a home office and a library. The oversized living room boasts ample space for entertaining and dining. The northerly light is fantastic, with views onto the quiet, tree-lined street and the Asphalt Green ball field. The open, windowed kitchen has been updated with stainless steel appliances and plenty of counter and cabinet space. There is a spacious primary bedroom with generous closet space, and room for a reading corner. The windowed bathroom was updated, and there is a second bedroom on the other side of the apartment, offering separation and privacy. Pied-a-terres are permitted. See floor plan and full details here.

From the Listing: Cove Club large one-bedroom plus a spacious balcony with New York Harbor and Statue of Liberty views! This apartment features a spacious living room and large dining area plus generous closets. The building offers residents an expansive roof deck, gym, lounge, garden, on-site parking, and 24-hour doorman. It is close to the Battery Park City waterfront, Brookfield Place's shopping and dining, all subways, the PATH, and ferries. See floor plan and full details here.

From the Listing: Perched on the 16th floor, this spacious converted one-bedroom offers gracious open-plan living, a thoughtfully renovated full-sized kitchen and bath, queen-sized sleeping alcove, and generous closet and storage space. Watch the sun rise to your East or enjoy sunsets over the Reservoir from your spacious balcony. The spacious entry foyer, complete with a large coat closet, opens to an expansive living/dining room with bright south-facing windows, a large balcony, and thru-the-wall air conditioning. The renovated full-sized kitchen is configured to maximize space and storage, and offers light granite counters, sleek gray cabinetry, and a stainless-steel appliance suite, including dishwasher, 5-burner gas stove/oven, and a built-in microwave. See floor plan and full details here.

From the Listing: Perched atop an iconic prewar Emery Roth building, this architectural jewel designed by Annabelle Selldorf is bathed in sun and light all day, with a beautifully landscaped wrap-terrace with irrigation system, an exquisite new kitchen, a gorgeous Zen-like spa marble bathroom with heated floor, gorgeous Carrera marble floors throughout even on the terrace, central air-conditioning, designer lighting, excellent storage including a huge private storage unit that comes with the apartment, and more. See floor plan and full details here.

From the Listing: This move-in-ready, completely upgraded, top-floor apartment on features a gracious entry foyer, renovated windowed kitchen, south-facing living room, custom built out closets in the bedroom, tiled stall shower bathroom, new flooring, and a wraparound planting terrace. It is in a full-service cooperative with full-time doorman and central laundry room. The building allows for co-purchasers and pied-a-terres and unlimited subletting after one year. See floor plan and full details here.

From the Listing: Nestled amongst the quaint, tree-lined streets where countless writers and artists have lived and called home, this West Village studio at 56 Jane Street is the kind of apartment romanticized and daydreamed about when thinking of idyllic NYC living. The central space plus an alcove kitchen boast hardwood floors and three large windows overlooking historic Hudson Street. This bright west facing studio has plenty of room for a full/queen sized bed, sofa, cafe table, desk area and two generous closets. Pets, pied a terres, parental assistance and guarantors are permitted. See floor plan and full details here.

From the Listing: Upon entering apartment E, a ground floor expanse facing south, the entrance foyer currently serves as a dining area with overhead lighting fixture and ample space for a table and chairs. A modern open kitchen off to the left contains a generous breakfast bar with seating, lots of cabinets, granite countertops, and additional shelving for storage, a white tiled backsplash, and new appliances, including a dishwasher. Off to the right of the main area, lies a well-proportioned separate bedroom with serene southern light filtering from two big windows. The building is pet-friendly and permits pieds-a-terre. See floor plan and full details here.

From the Listing: Beautifully renovated, very spacious and comfortable home in a prime Upper East Side Location is flooded with light from brilliant south exposure. The mint kitchen has been fully updated, and the exquisitely done bath features smartly integrated storage. Quality sliding Shoji screens tastefully set apart the bedroom, and there is generous closet space throughout. Pied-a-terre, co-purchasing and guarantors considered. See floor plan and full details here.

From the Listing: Pied-a-terre on Park Avenue is available for immediate occupancy! This charming studio apartment has extraordinary original flooring and ceiling heights of 9'3". Both the 17' foyer and 21' living room offer abundant wall space for your favorite works of art. Designed by Emery Roth and Thomas Hastings for journalist Arthur Brisbane, who was the developer, the Ritz Tower remains one of New York's most prestigious addresses. Shareholders of this white glove, full service building benefit from optional hotel services that include housekeeping services as well as lunch and dinner served in your home prepared by Ritz Tower's private chef. See floor plan and full details here.

From the Listing: This bright, sunny, west-facing home has an exceptionally large living room, a spacious dining area, an open kitchen with granite countertops, an oversized master bedroom with soundproof windows and an abundance of storage, including 3 huge walk-in closets. The apartment is in excellent condition and has been meticulously maintained. The building permits co-purchasing, guarantors, and pied-a-terre ownership. See floor plan and full details here.

From the Listing: Welcome home to The Beekman, a well-storied pre-war Park Avenue co-op with full service hotel-like amenities. Residence 1405 is a bright, south-facing one-bedroom featuring pre-war and custom details including fully restored herringbone floors, imported Sardinian single-cut granite slab kitchen countertop and floor, high-beamed ceilings, renovated bathroom, and thru-wall air conditioning units. Electricity, heat, hot water, window washing and daily housekeeping are included in the maintenance fees. Pied-a-terres are welcome. See floor plan and full details here.

From the Listing: Nestled on a quiet, treed block is this renovated, south facing studio. The kitchen has been fully renovated with quartz countertop, cabinetry, stainless steel appliances including a dishwasher, tiled backsplash, and marble floor tiles. The renovated bathroom features a Porcher sink and glass enclosed stand-in shower. Hand scraped engineered hardwood floors, decorative fireplace, exposed brick wall, recessed lighting, crown molding, thru-the-wall A/C and 9'2" foot ceilings complete the home. See floor plan and full details here.

From the Listing: This south-facing top-floor apartment with crown moldings features high ceilings, hardwood floors, and a newly gut renovated kitchen. The renovated kitchen includes stainless steel appliances, granite counter-tops and a subway tile backsplash. With very low maintenance, apartment #4D makes the perfect primary residence or pied-a-terre. See floor plan and full details here.

From the Listing: This pristine studio is beautifully designed with tall ceilings. The unit features a huge loft, incredible custom cabinetry/storage space, separate kitchen, and oversized north facing windows with open views of the city skyline, the Queensboro Bridge, the East River, and Long Island City--some of the best in Midtown East. Between the loft and closets, there is abundant storage space to work with. Pied-a-terre and pets allowed! See floor plan and full details here.

From the Listing: #6H is a quiet and bright studio apartment with ample living space. It has a separate dining area right outside the kitchen, and an efficient layout with plenty of space for both a living and sleeping area. The kitchen is equipped with a dishwasher, fridge, stove and a lot of storage and shelving throughout. The bathroom comes with a shower/tub combination and a single vanity and toilet. Equipped with two large closets, this studio has more storage than meets the eye. - Pieds-a-terre welcomed; gifting allowed. See floor plan and full details here.

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