These 200 buildings are collectively undertaxed by $367M per year.
If taxed at the citywide average effective rate (0.02%), they'd pay that much more annually.[source]
| # | Building | Borough | Market Value | Assessed Value | Ratio | Annual Subsidy ↓ |
|---|---|---|---|---|---|---|
| 1 | One Manhattan West395 9TH AVENUE | Manhattan | $897,638,300 | $403,937,250 | 45.0% | $19,894,281 |
| 2 | The New York Times Building620 8 AVENUE | Manhattan | $689,092,994 | $310,091,842 | 45.0% | $15,272,309 |
| 3 | NYU Langone Medical Center550 1ST AVENUE | Manhattan | $574,626,998 | $258,582,150 | 45.0% | $12,735,409 |
| 4 | 15 Hudson Yards553 WEST 30 STREET | Manhattan | $480,186,996 | $216,084,161 | 45.0% | $10,642,343 |
| 5 | One Manhattan Square215-250 CHERRY STREET | Manhattan | $423,187,460 | $190,434,397 | 45.0% | $9,379,067 |
| 6 | Alexandria Center for Life Science430 EAST 29 STREET | Manhattan | $384,719,000 | $173,123,550 | 45.0% | $8,526,494 |
| 7 | 411-415 EAST 68 STREET | Manhattan | $300,170,000 | $135,076,500 | 45.0% | $6,652,642 |
| 8 | Waterline Square7 WEST END AVENUE | Manhattan | $308,899,012 | $139,004,576 | 45.0% | $6,565,942 |
| 9 | Sky605 WEST 42 STREET | Manhattan | $334,308,976 | $150,439,040 | 45.0% | $6,200,664 |
| 10 | The Eugene435 WEST 31 STREET | Manhattan | $256,489,831 | $115,420,424 | 45.0% | $5,684,562 |
| 11 | Brooklyn Renaissance Plaza350 JAY STREET | Brooklyn | $321,577,000 | $144,709,650 | 45.0% | $5,594,778 |
| 12 | 555TEN551 10 AVENUE | Manhattan | $242,955,999 | $109,330,200 | 45.0% | $5,384,613 |
| 13 | 222 EAST 41 STREET | Manhattan | $225,239,006 | $101,357,546 | 45.0% | $4,991,952 |
| 14 | 252 EAST 57 STREET | Manhattan | $220,709,995 | $99,319,500 | 45.0% | $4,891,576 |
| 15 | Atlantic Terminal139 FLATBUSH AVENUE | Brooklyn | $204,536,000 | $92,041,200 | 45.0% | $4,533,114 |
| 16 | 5Pointz22-44 JACKSON AVENUE | Queens | $245,620,001 | $110,529,002 | 45.0% | $4,416,858 |
| 17 | B. Altman Building355 5 AVENUE | Manhattan | $237,965,000 | $107,084,250 | 45.0% | $4,047,578 |
| 18 | Brooklyn Point138 WILLOUGHBY STREET | Brooklyn | $180,102,104 | $81,045,946 | 45.0% | $3,991,582 |
| 19 | Hayden43-25 HUNTER STREET | Queens | $171,606,000 | $77,222,700 | 45.0% | $3,803,289 |
| 20 | 12 MetroTech Center330 JAY STREET | Brooklyn | $241,470,000 | $108,661,500 | 45.0% | $3,739,865 |
| 21 | Conrad New York Downtown102 NORTH END AVENUE | Manhattan | $167,914,000 | $75,561,300 | 45.0% | $3,721,463 |
| 22 | The Ritz-Carlton Residences10 LITTLE WEST STREET | Manhattan | $164,792,998 | $74,156,856 | 45.0% | $3,635,927 |
| 23 | 7 HANOVER SQUARE | Manhattan | $173,589,001 | $78,115,048 | 45.0% | $3,464,274 |
| 24 | Museum Tower15 WEST 53 STREET | Manhattan | $153,097,991 | $68,894,099 | 45.0% | $3,372,907 |
| 25 | Riverhouse at One Rockefeller Park1-2 RIVER TERRACE | Manhattan | $155,391,999 | $69,926,416 | 45.0% | $3,274,450 |
| 26 | Belfer Research Building413 EAST 69 STREET | Manhattan | $145,969,000 | $65,686,050 | 45.0% | $3,235,098 |
| 27 | Avalon Chrystie Place273 BOWERY | Manhattan | $144,598,000 | $65,069,100 | 45.0% | $3,204,713 |
| 28 | The Edge North Tower34 NORTH 7 STREET | Brooklyn | $144,612,964 | $65,075,903 | 45.0% | $3,196,914 |
| 29 | Mercedes House770 11 AVENUE | Manhattan | $363,010,000 | $163,354,502 | 45.0% | $3,142,196 |
| 30 | One Riverside Park50 RIVERSIDE BOULEVARD | Manhattan | $196,319,005 | $88,343,562 | 45.0% | $2,955,838 |
| 31 | Riverwatch70 BATTERY PLACE | Manhattan | $134,879,952 | $60,695,995 | 45.0% | $2,955,787 |
| 32 | The Greenpoint21 INDIA STREET | Brooklyn | $126,058,000 | $56,726,107 | 45.0% | $2,793,812 |
| 33 | One Brooklyn Bridge Park360 FURMAN STREET | Brooklyn | $156,597,327 | $70,468,727 | 45.0% | $2,759,411 |
| 34 | The Essex115 DELANCEY STREET | Manhattan | $125,100,000 | $56,295,000 | 45.0% | $2,754,282 |
| 35 | 300 ASHLAND PLACE | Brooklyn | $135,503,000 | $60,976,350 | 45.0% | $2,730,645 |
| 36 | Millennium Tower Residences30 LITTLE WEST STREET | Manhattan | $115,011,001 | $51,754,984 | 45.0% | $2,548,979 |
| 37 | The Ashland590 FULTON STREET | Brooklyn | $122,792,001 | $55,256,400 | 45.0% | $2,437,675 |
| 38 | 10 Halletts Point1-02 26 AVENUE | Queens | $109,154,001 | $49,119,301 | 45.0% | $2,419,170 |
| 39 | Abington House500 WEST 30 STREET | Manhattan | $113,257,629 | $50,965,933 | 45.0% | $2,392,555 |
| 40 | One Park Avenue1 PARK AVENUE | Manhattan | $279,222,500 | $125,650,009 | 45.0% | $2,390,183 |
| 41 | River & Warren212 WARREN STREET | Manhattan | $108,187,008 | $48,684,158 | 45.0% | $2,381,786 |
| 42 | The Kent200 EAST 95 STREET | Manhattan | $105,014,000 | $47,256,309 | 45.0% | $2,327,416 |
| 43 | Alta LIC29-22 NORTHERN BOULEVARD | Queens | $107,628,000 | $48,432,600 | 45.0% | $2,252,791 |
| 44 | 60 WATER STREET | Brooklyn | $102,142,000 | $45,963,902 | 45.0% | $2,248,189 |
| 45 | Gotham West550 WEST 45 STREET | Manhattan | $240,844,390 | $108,379,977 | 45.0% | $2,157,574 |
| 46 | Two Manhattan West2 MANHATTAN WEST | Manhattan | $98,509,000 | $44,329,050 | 45.0% | $2,152,802 |
| 47 | Pierhouse at Brooklyn Bridge Park90 FURMAN STREET | Brooklyn | $95,365,999 | $42,914,707 | 45.0% | $2,104,408 |
| 48 | Hutchinson Metro Center1776 EASTCHESTER ROAD | Bronx | $112,214,000 | $50,496,300 | 45.0% | $2,103,220 |
| 49 | Triangle Junction2201 NOSTRAND AVENUE | Brooklyn | $103,306,000 | $46,487,700 | 45.0% | $2,047,047 |
| 50 | The Crossing at Jamaica Station147- 40 ARCHER AVENUE | Queens | $92,544,000 | $41,644,800 | 45.0% | $2,007,809 |