These 200 buildings are collectively undertaxed by $74M per year.
If taxed at the citywide average effective rate (2.9%), they'd pay that much more annually.[source]
| # | Building | Borough | Market Value | Assessed Value | Ratio | Annual Subsidy ↓ |
|---|---|---|---|---|---|---|
| 1 | 400 WEST 61ST STREET | Manhattan | $361,946,847 | $162,876,089 | 45.0% | $9,864,070 |
| 2 | 7 HANOVER SQUARE | Manhattan | $352,222,500 | $158,500,001 | 45.0% | $6,275,304 |
| 3 | Waterline Square7 WEST END AVENUE | Manhattan | $312,612,021 | $140,675,439 | 45.0% | $6,021,095 |
| 4 | 15 Hudson Yards553 WEST 30 STREET | Manhattan | $491,100,990 | $220,995,466 | 45.0% | $5,589,698 |
| 5 | One Brooklyn Bridge Park360 FURMAN STREET | Brooklyn | $187,695,100 | $84,462,867 | 45.0% | $4,523,111 |
| 6 | The Edge North Tower34 NORTH 7 STREET | Brooklyn | $160,250,700 | $72,112,787 | 45.0% | $3,961,783 |
| 7 | The New York Times Building620 8 AVENUE | Manhattan | $826,090,822 | $371,740,855 | 45.0% | $3,673,064 |
| 8 | Pierhouse at Brooklyn Bridge Park90 FURMAN STREET | Brooklyn | $102,740,750 | $46,233,345 | 45.0% | $2,937,141 |
| 9 | Quay Tower50 BRIDGE PARK DRIVE | Brooklyn | $96,569,945 | $43,456,484 | 45.0% | $2,767,036 |
| 10 | 133-42 39 AVENUE | Queens | $93,606,180 | $42,122,782 | 45.0% | $1,619,909 |
| 11 | Toren150 MYRTLE AVENUE | Brooklyn | $64,598,943 | $29,069,524 | 45.0% | $1,433,671 |
| 12 | 205 EAST 42 STREET | Manhattan | $133,234,400 | $59,955,483 | 45.0% | $1,313,875 |
| 13 | 138-35 39 AVENUE | Queens | $130,268,002 | $58,620,624 | 45.0% | $1,111,561 |
| 14 | One John Street1 JOHN STREET | Brooklyn | $37,670,889 | $16,951,909 | 45.0% | $1,072,596 |
| 15 | 68 BRADHURST AVENUE | Manhattan | $47,221,000 | $21,249,464 | 45.0% | $982,941 |
| 16 | 5 BEEKMAN STREET | Manhattan | $108,619,142 | $48,878,608 | 45.0% | $754,278 |
| 17 | 139 SPRING STREET | Manhattan | $36,921,002 | $16,614,454 | 45.0% | $741,249 |
| 18 | 152 WEST 137TH STREET | Manhattan | $50,282,009 | $22,626,916 | 45.0% | $718,317 |
| 19 | One Morningside Park321 CATHEDRAL PARKWAY | Manhattan | $27,233,988 | $12,255,301 | 45.0% | $704,788 |
| 20 | 446 KENT AVENUE | Brooklyn | $22,595,999 | $10,168,201 | 45.0% | $608,391 |
| 21 | 306 2 STREET | Brooklyn | $19,247,001 | $8,661,150 | 45.0% | $533,366 |
| 22 | 31 SPENCER STREET | Brooklyn | $19,788,000 | $8,904,600 | 45.0% | $499,032 |
| 23 | 309 WEST 118 STREET | Manhattan | $20,441,055 | $9,198,470 | 45.0% | $498,420 |
| 24 | 220 EAST 42 STREET | Manhattan | $344,444,900 | $155,000,003 | 45.0% | $494,867 |
| 25 | 111 HUDSON STREET | Manhattan | $22,395,999 | $10,078,203 | 45.0% | $452,542 |
| 26 | 70 WEST 139 STREET | Manhattan | $16,363,953 | $7,363,804 | 45.0% | $426,036 |
| 27 | 749 61 STREET | Brooklyn | $16,288,800 | $7,329,958 | 45.0% | $416,159 |
| 28 | 2187 8 AVENUE | Manhattan | $31,251,490 | $14,063,174 | 45.0% | $376,533 |
| 29 | 136-68 ROOSEVELT AVENUE | Queens | $18,267,628 | $8,220,433 | 45.0% | $374,171 |
| 30 | 5521 8TH AVENUE | Brooklyn | $13,794,999 | $6,207,745 | 45.0% | $361,238 |
| 31 | 136-33 37 AVENUE | Queens | $16,310,301 | $7,339,638 | 45.0% | $352,647 |
| 32 | 736 WEST 187 STREET | Manhattan | $12,831,820 | $5,774,326 | 45.0% | $347,299 |
| 33 | 37-12 PRINCE STREET | Queens | $20,374,004 | $9,168,302 | 45.0% | $341,249 |
| 34 | 88-31 55TH AVENUE | Queens | $75,854,585 | $34,134,583 | 45.0% | $321,409 |
| 35 | 140 SCHERMERHORN STREET | Brooklyn | $110,980,633 | $49,941,281 | 45.0% | $286,681 |
| 36 | 264 WEBSTER AVENUE | Brooklyn | $10,114,998 | $4,551,759 | 45.0% | $276,947 |
| 37 | 30-85 VERNON BOULEVARD | Queens | $10,684,006 | $4,807,801 | 45.0% | $254,536 |
| 38 | 48 LAIGHT STREET | Manhattan | $14,721,999 | $6,624,900 | 45.0% | $243,592 |
| 39 | 372 BROOME STREET | Manhattan | $22,794,000 | $10,257,299 | 45.0% | $227,266 |
| 40 | 892 BERGEN STREET | Brooklyn | $8,853,362 | $3,984,038 | 45.0% | $226,290 |
| 41 | 358 GROVE STREET | Brooklyn | $11,528,089 | $5,187,661 | 45.0% | $224,011 |
| 42 | 218 MIDDLETON STREET | Brooklyn | $7,315,998 | $3,292,200 | 45.0% | $203,693 |
| 43 | 150-152 CHAMBERS STREET | Manhattan | $11,376,254 | $5,119,315 | 45.0% | $200,864 |
| 44 | 204-206 EAST 73 STREET | Manhattan | $13,887,245 | $6,249,262 | 45.0% | $196,345 |
| 45 | 949 60TH STREET | Brooklyn | $7,783,250 | $3,502,476 | 45.0% | $184,613 |
| 46 | 19-21 WARREN STREET | Manhattan | $18,340,359 | $8,253,162 | 45.0% | $169,582 |
| 47 | 41-04 27TH STREET | Queens | $6,011,452 | $2,705,167 | 45.0% | $162,717 |
| 48 | 1980 STARR STREET | Queens | $5,740,642 | $2,583,286 | 45.0% | $162,159 |
| 49 | 6-10 EAST 1 STREET | Manhattan | $15,463,000 | $6,958,350 | 45.0% | $161,596 |
| 50 | 509 5 AVENUE | Manhattan | $34,791,002 | $15,655,952 | 45.0% | $156,596 |