Tip #18: What is a Pied a Terre?

What is a Pied a Terre?

Individuals and couples from all over the world dream oh having a residence in New York City. Whether they know the exact terminology or not, they are essentially referring to a Pied a Terre Apartment.

A Pied a Terre is typically a smaller, non-primary residence that an owner used for less than 6 months per year. On many occasions, this type of property is actually used for only a fraction of the calendar year.

While a Pied a Terre sounds incredibly attractive for many buyers, there are certain rules and criteria that must be followed.

Pied a Terre Noteworthy Items

• Condo properties are preferred for Pied a Terre living
• Many Co-ops do not allow for Pied a Terre residences
• Pied a Terre is a non-primary residence

Purchasing a Pied a Terre may be a great way to experience the best of New York City. Summers can be uncontrollably muggy and Winters are Cold, but picking the best weekends to visit may be ideal.

Pied a Terre Criteria

As an experienced Real Estate Broker and someone that has lived in the Manhattan area my entire life, my recommendations for a Pied a Terre would be the following:

• Location near a Park
• Access to subway and mass transportation
• Warm, neighborhood location
• Condo building or lenient Co-op that allows for Pied a Terre living

Experiencing New York on a part-time basis should allow for the most accessible location with convenient access to some of New Yorks most famed historical destinations.

If you are looking to purchase a Pied a Terre in Manhattan, please contact us at garayrealestate@gmail.com We can help you find the perfect Pied a Terre property.