What is a Pied-à-Terre? Everything You’ve Always Wanted to Know About These Brooklyn Homes

Thinking about buying a pied-à-terre in Brooklyn? Whether you’re a frequent NYC visitor, part-time New Yorker or simply looking for a charming retreat outside of your primary residence, Brooklyn offers a mix of historic brownstones, luxury waterfront condos and boutique co-ops perfect for a second home or investment.

But before you start your home search, it’s important to understand the costs, rules and investment potential of owning a part-time residence in Brooklyn. From financing options to neighborhood variations, we’re answering the most common questions buyers have about Brooklyn pieds-à-terre.

Initial Questions You Might Have

What is a pied-à-terre?

French for “foot to the ground,” a pied-à-terre is a part-time residence, usually a condo (or sometimes co-op apartment), used by someone who primarily lives elsewhere. In Brooklyn, pieds-à-terre are popular among Manhattan professionals, former NYC residents who have moved upstate, retirees, international buyers and those who split time between multiple cities.

Are pieds-à-terre legal in Brooklyn?

Yes, they are legal in Brooklyn.

Can I buy a pied-à-terre in Park Slope as a non-resident?

Yes, domestic and international buyers alike can purchase pieds-à-terre throughout Brooklyn. However, co-ops are often stricter about allowing non-primary residences, while condos tend to be more flexible.

How does buying a pied-à-terre differ among Brooklyn neighborhoods?

Just like when buying a Brooklyn home, each neighborhood offers different perks that appeal to different lifestyle preferences. For instance, in Park Slope you might find your home away from home in a classic brownstone, along a tree-lined street, near Prospect Park, or with Brooklyn and Manhattan views. Similarly, Cobble Hill and Carroll Gardens offer their own distinct character and appeal.

In Brooklyn Heights, you would be closer to Manhattan and might end up with a home overlooking the East River. Dumbo offers more new construction, trendy lofts, waterfront living and an artsy scene.

Pied-à-Terre Costs & Fees

How much does a pied-à-terre cost in Brooklyn?

Brooklyn offers more affordability compared to Manhattan, but prices vary. For instance, a studio or one-bedroom in a Park Slope co-op costs anywhere between $500K and $1 million to start—though you can occasionally find something for less, especially if paying all-cash or buying a home that requires updates. In a luxury condo, or for a bigger space, the cost would typically be more.

Is there a pied-à-terre tax in Brooklyn?

No. There has been talk of a potential tax on high-value secondary residences, but no such tax has been implemented. However, all buyers must pay a mansion tax (starting at 1% for properties over $1 million) and property taxes are based on the building type.

What are the ongoing costs for a Brooklyn pied-à-terre?

Ongoing costs vary by building type, but typically you would be on the hook for maintenance fees for co-ops that start around $500-$2,500 per month, which cover property taxes, heat and hot water. Common charges for condos start around $600-$2,000 plus property taxes that start around $500-$2,500 per month, and utilities of $150-$500 per month, depending on the property size and usage. Property taxes for houses start around $800-$3,500 per month, utilities are $300-$1,500 per month, and insurance is $40-$300 per month depending on the asset’s size and value. A real estate agent can help you estimate and understand these costs before purchase.

Buying & Investment Considerations

Can I finance a Brooklyn pied-à-terre?

Yes, but lending restrictions vary. Condos offer more flexibility but often require higher down payments for secondary homes (25%+) and come with slightly higher interest rates. Lenders will assess your primary income, not potential rental earnings.

Are pieds-à-terre a good investment in Brooklyn?

It depends on your goals. If you’re seeking long-term appreciation, you’re in luck because Brooklyn real estate has seen steady value increases, particularly in brownstone and waterfront neighborhoods.

If on the other hand you’re looking for rental income, you should keep in mind that many Brooklyn buildings limit short-term rentals (less than 30 days) and Airbnb type situations—especially in co-op and condo buildings. Long-term rentals (30+ days) are usually allowed but of course it depends on the building rules, which you should check before buying.

If you’re a frequent NYC/Brooklyn visitor looking to save on your short-term rental and hotel costs while building equity, a pied-à-terre could work for you.

Building Rules & Regulations

Do Park Slope co-ops allow pieds-à-terre?

Throughout Brooklyn, some co-ops allow pieds-à-terre, but many do not and/or require additional fees and board approval. If considering a co-op, confirm their policy before making an offer.

What are the best condos for Brooklyn pieds-à-terre?

In general, the condos most ideal for pieds-à-terre ownership are those that offer flexible ownership rules and hotel-style amenities. The ideal condo for you might also include specific amenities, proximity to a certain subway line, travel time to Manhattan, city or waterfront views, or anything else that would reduce friction during your NYC stay.

What are the restrictions on pieds-à-terre in Brooklyn co-ops and condos?

Again, it really depends on the building but in general many co-ops do not allow pieds-à-terre or require strict approval processes. Condos are usually more flexible, but some have restrictions on short-term rentals or corporate ownership.

When in Doubt, Ask Your Real Estate Agent

Be upfront with your Brooklyn real estate agent if you’re thinking about purchasing a pied-à-terre. They can best advise on the practicality of whether a certain property can be used as a pied-à-terre and can talk to building owners to get your questions answered regarding allowance, restrictions, costs and ongoing fees.

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And if it’s your first time buying in Brooklyn, you might want to check out our posts on 5 questions to ask your real estate agent, 10 questions for first-time homebuyers and questions to ask at a Brooklyn open house.

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