{"id":44933,"date":"2025-04-03T10:48:00","date_gmt":"2025-04-03T07:48:00","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=44933"},"modified":"2025-05-14T15:53:18","modified_gmt":"2025-05-14T12:53:18","slug":"top-10-nyc-property-taxpayers","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2025\/04\/03\/top-10-nyc-property-taxpayers\/","title":{"rendered":"Top 10 NYC Property Taxes: When Annual Bills Surpass the Cost of an Entire Home"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Key Takeaways:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The highest residential property tax bill issued in New York City this last tax season reached $984,000, paid by the former Emir of Qatar.<\/li>\n\n\n\n<li>NYC\u2019s top 10 property tax bills range from $450,000 to nearly $1 million \u2014 well above the national median sale price.<\/li>\n\n\n\n<li>Homes include historic townhouses, multi-floor penthouses, newly built mega mansions and even the most expensive home to ever sell in the U.S.<\/li>\n\n\n\n<li>These annual tax bills could easily pay for homes in various NYC neighborhoods, from Bedford-Stuyvesant to the Financial District, highlighting the market\u2019s extremes.<\/li>\n\n\n\n<li>All 10 properties were bought through LLCs, offshore trusts and corporate entities.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>Even in a city of jaw-dropping real estate deals closing every other week, the annual property tax bills incurred by the most luxurious residences in NYC can still command attention. Not only do they offer a glimpse into the substantial but <a href=\"https:\/\/www.nytimes.com\/2024\/04\/02\/nyregion\/nyc-property-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\">often-contentious<\/a> contributions to the city\u2019s coffers, but they also shed light on the lengths owners will go to shield their identities.<\/p>\n\n\n\n<p>To that end, the top 10 highest property tax bills in NYC range from just under $450,000 to nearly $1 million to comfortably surpass the national median sale price of <a href=\"https:\/\/fred.stlouisfed.org\/series\/MSPUS\" target=\"_blank\" rel=\"noreferrer noopener\">$419,000<\/a>.<\/p>\n\n\n\n<p>These taxes are charged on homes that range from landmark buildings and restored historic structures to sleek, expansive condos that sprawl across four stories; veritable mega-mansions; and even one of the largest private residences in the country at #1, not to mention the most expensive home ever sold in the U.S. In fact, the individual annual tax bills for these homes could buy the average home in NYC neighborhoods like Clinton Hill, Bedford-Stuyvesant, Washington Heights or even the Financial District.<\/p>\n\n\n\n<p>Among the owners paying the city\u2019s highest residential property taxes are hedge fund mogul Ken Griffin; investor Bill Ackman; the former Emir of Qatar; the Crown Prince and Princess of Greece; and even the Deputy Secretary of Defense. In other cases, owners remain hidden behind anonymous corporate entities or even international trusts that move headquarters every few years, keeping ownership details out of the public eye.<\/p>\n\n\n\n<p>Keep reading to learn more about the top 10 highest taxpayers in NYC.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-thumbnail is-resized\"><img loading=\"lazy\" decoding=\"async\" height=\"150\" width=\"150\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/36-East-67th-Street-1.png?w=150&h=150&crop=1\" alt=\"\" class=\"wp-image-44936\" style=\"width:300px\"\/><figcaption class=\"wp-element-caption\"><em>Photo via PropertyShark<\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_36_East_67th_Street\"><\/span>10)<strong> <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/22308\/36-E-67-St-New-York-NY-10065\/\" target=\"_blank\" rel=\"noreferrer noopener\">36 East 67th Street<\/a>\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $449,264<\/strong><\/p>\n\n\n\n<p><strong>Owner: Gisela & Stephen Feinberg<\/strong><\/p>\n\n\n\n<p>Stephen Feinberg\u2019s mansion at 36 E. 67th St. is a prime example of Manhattan\u2019s secretive ultra-luxury real estate market. The co-founder and former CEO of Cerberus Capital Management and current Deputy Secretary of Defense and his wife, Gisela, picked up the 16,235-square-foot mansion in 2003 for $19.75 million. They then invested <a href=\"https:\/\/www.wsj.com\/articles\/SB121824758533526589\" target=\"_blank\" rel=\"noreferrer noopener\">$15 million<\/a> into upgrades and renovations. Prior to the Feinbergs\u2019 ownership, the property served as the Egyptian mission.<\/p>\n\n\n\n<p>Notably, the former Thompson mansion already enjoys enhanced privacy as a freestanding property in a neighborhood dominated by rowhouses \u2014 an increasingly rare commodity even for the city\u2019s wealthiest residents. Overall, the property is estimated to be worth around $40 million today, and its latest tax bill would be enough to pay for an average home in Coney Island.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"769\" height=\"1024\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/154-East-78th-Street-1.png?w=769\" alt=\"\" class=\"wp-image-44943\" style=\"width:300px\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/154-East-78th-Street-1.png 769w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/154-East-78th-Street-1.png?resize=225,300 225w\" sizes=\"auto, (max-width: 769px) 100vw, 769px\" \/><figcaption class=\"wp-element-caption\"><em>Photo via PropertyShark<\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_154_East_78th_Street\"><\/span>9) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/23474\/154-E-78-St-New-York-NY-10075\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>154 East 78<sup>th<\/sup> Street<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $467,543<\/strong><\/p>\n\n\n\n<p><strong>Owner: Crown Prince Pavlos of Greece & Crown Princess Marie-Chantal of Greece<\/strong><\/p>\n\n\n\n<p>Crown Prince Pavlos and Crown Princess Marie-Chantal of Greece have had a long, complex history with 154 E. 78th St., a five-story, Georgian townhouse on Manhattan\u2019s Upper East Side. Purchased in 2000 for $7.5 million, the home marked the royals\u2019 return to New York from London, but their transatlantic lifestyle soon took them back overseas. When they returned in 2017, the more-than-12,000-square-foot residence underwent a major renovation.<\/p>\n\n\n\n<p>The Crown Princess <a href=\"https:\/\/www.hola.com\/us\/royals\/20200330fm1a32stlm\/royal-homes-marie-chantal-greece-new-york-townhouse\/\" target=\"_blank\" rel=\"noreferrer noopener\">reportedly lived<\/a> at the address with her parents \u2014 billionaire Robert Warren Miller and Clara Pesantes Becerra \u2014 in the early \u201890s, before her marriage to Crown Prince Pavlos, and considered the purchase of the townhouse a return home. The royals purchased the home from Robert Fribourg of the Continental Grain Company. The home is now valued at $39 million and its annual property taxes could easily buy a home over in Woodside.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/157-West-57th-Street-PH-75.png?w=683\" alt=\"\" class=\"wp-image-44945\" style=\"width:300px\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/157-West-57th-Street-PH-75.png 683w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/157-West-57th-Street-PH-75.png?resize=200,300 200w\" sizes=\"auto, (max-width: 683px) 100vw, 683px\" \/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_157_West_57th_Street_PH_75\"><\/span>8) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/127699943\/157-W-57-St-New-York-NY-10019\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>157 West 57th Street PH 75<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $477,311<\/strong><\/p>\n\n\n\n<p><strong>Owner: Bill Ackman<\/strong><\/p>\n\n\n\n<p>One of two Central Park South properties in our top 10 highest property tax bills, the 2015 purchase of PH 75 in the ultra-luxury One57 skyscraper made history as one of the most expensive residential sales ever in NYC\u2019s luxury real estate market after fetching $91.5 million. Encompassing two floors and 13,554 square feet, the penthouse duplex includes six bedrooms, six bathrooms, and sweeping views of Central Park and the city skyline.<\/p>\n\n\n\n<p>One57, developed by Extell, was the first ultra-luxury condominium tower on 57th Street\u2019s Billionaires\u2019 Row and still ranks as one of <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2022\/09\/01\/top-50-best-selling-nyc-buildings-of-all-time-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">NYC\u2019s top best-selling buildings of all time<\/a>. Furthermore, it was also home to another record-breaking sale at the time: The $100.5-million acquisition of <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/127699955\/157-W-57-St-New-York-NY-10019\/\" target=\"_blank\" rel=\"noreferrer noopener\">PH #90<\/a> by CEO and Chairman of Dell Technologies, Michael Dell. Ackman\u2019s latest property tax bill on the opulent property is just shy of the median sale price in Bay Terrace.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"769\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/15-East-81st-Street-1.png?w=1024\" alt=\"\" class=\"wp-image-44946\" style=\"width:300px\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/15-East-81st-Street-1.png 1024w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/15-East-81st-Street-1.png?resize=300,225 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/05\/15-East-81st-Street-1.png?resize=768,577 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_15_East_81st_Street\"><\/span>7) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/24953\/15-E-81-St-New-York-NY-10028\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>15 East 81st Street<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $479,788<\/strong><\/p>\n\n\n\n<p><strong>Owner: Kutayba Alghanim<\/strong><\/p>\n\n\n\n<p>Encompassing 16,233 square feet across four stories, 15 E. 81st St. is officially owned by a corporation. However, Kuwaiti billionaire business mogul Kutayba Alghanim is registered as a resident at the address. Kutayba Alghanim and brother Bassam have had a famously contentious relationship regarding division of inheritances and control of the Alghanim Industries empire as legal disputes that began in the 2000s are still ongoing.<\/p>\n\n\n\n<p>One recent event in the ongoing saga saw courts order a $32 million judgment against Bassam that advanced to <a href=\"https:\/\/jusmundi.com\/en\/document\/decision\/en-kutayba-y-alghanim-v-bassam-y-alghanim-writ-of-execution-of-the-united-states-district-court-for-the-central-district-of-california-thursday-13th-june-2024\" target=\"_blank\" rel=\"noreferrer noopener\">a writ of execution<\/a>, thereby permitting the seizure of real estate assets. Today, the Carnegie Hill property is estimated to be worth around $47 million, leading to its nearly $480,000 tax bill \u2014 just shy of the median sale price of a home in Bay Terrace or Washington Heights.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/04\/1165-Madison-Avenue-PH-C.jpg?w=769\" alt=\"\" class=\"wp-image-44634\" style=\"width:300px\"\/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_1165_Madison_Avenue_PH_C\"><\/span>6) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/158544809\/1165-Madison-Ave-New-York-NY-10028\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>1165 Madison Avenue PH C<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $546,529<\/strong><\/p>\n\n\n\n<p><strong>Owner: 1165 Madison PHCD Trust<\/strong><\/p>\n\n\n\n<p>The next-highest property tax bill is also due in Carnegie Hill, this time for a unique penthouse at the recently developed Bellemont. Borne from the purchase and merging of two penthouses (PH C and PH D) just two years ago, penthouse C now covers 13,011 square feet across four stories and comprises 11 bedrooms and 12 baths.<\/p>\n\n\n\n<p>In this case, the buyer\u2019s identity remains undisclosed with the property owned through a trust. The buyer picked up the two properties directly from developer Naftali Group, spending $42 million on PH C and an additional $26 million for PH D. By comparison, just the 2024-2025 property taxes due on the exclusive residence could buy another home outright in Downtown Flushing, Ocean Hill or Flatbush.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/04\/25-Columbus-Circle-SPH-76-1.jpg?w=769\" alt=\"\" class=\"wp-image-44628\" style=\"width:300px\"\/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_25_Columbus_Circle_SPH_76\"><\/span>5) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/667516\/25-Columbus-Cir-New-York-NY-10019\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>25 Columbus Circle SPH 76<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $594,808<\/strong><\/p>\n\n\n\n<p><strong>Owner: Tegor Property S.A.<\/strong><\/p>\n\n\n\n<p>While the real ownership of the expansive, two-story penthouse remains deeply hidden behind a foreign corporate entity, the history of how the sprawling, terraced duplex came to be is easier to uncover. First,Tegor Property S.A. (then registered in Panama) purchased SPH 76 back in 2003, paying $43 million for the 12,504-square-foot property. Then, in 2005, the corporate entity (showing a NYC address) picked up SPH 77, paying $12.74 million for the 3,866-square-foot unit. A year later in 2006, the two units were combined into one 16,370-square-foot penthouse.<\/p>\n\n\n\n<p>It\u2019s worth noting here that a 2016 agreement between the owners and the condo board shows Tegor Property with a British Virgin Islands address. But, the latest documents associated with the property \u2014 two mortgages issued by Citibank worth a combined $61 million \u2014 shows the entity with a Swiss address. In any case, no matter who stands behind the secretive entity, their latest property tax bill could afford the average home in Harlem or Springfield Gardens.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/04\/145-Perry-Street-1.jpg?w=1024\" alt=\"\" class=\"wp-image-44630\" style=\"width:300px\"\/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_145_Perry_Street\"><\/span>4) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/9406\/703-711-Washington-St-New-York-NY-10014\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>145 Perry Street<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $613,376<\/strong><\/p>\n\n\n\n<p><strong>Owner: Steven A. Cohen<\/strong><\/p>\n\n\n\n<p>Finished just last year is the newest property on our list of the largest property taxpayers in the city: Billionaire Steven Cohen\u2019s imposing mega mansion on the corner of Perry and Washington is part of a <a href=\"https:\/\/www.curbed.com\/article\/historic-14-gay-16-gay-street-greenwich-village-landmark-sale-replacement.html\" target=\"_blank\" rel=\"noreferrer noopener\">growing trend<\/a> of hedge fund managers taking over Greenwich Village \u2014 Sean Parker and Felix Baker have already moved in.<\/p>\n\n\n\n<p>Cohen initially picked up the property at 145 Perry in 2012 for $38.8 million, but construction only kicked off in 2017 to replace the two-story stucco with a four-story, 27,000-square-foot design by Leroy Street Studio. Although development costs have been kept under tight wrap, the property is now estimated at $51 million. As such, its last property tax bill could buy a home in Rochdale, East Flatbush and Bellerose.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/04\/22-East-71st-Street-1.jpg?w=769\" alt=\"\" class=\"wp-image-44627\" style=\"width:300px\"\/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_22_East_71st_Street\"><\/span>3) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/22470\/22-E-71-St-New-York-NY-10021\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>22 East 71st Street<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $696,355<\/strong><\/p>\n\n\n\n<p><strong>Owner: Sheik Hamad bin Jassim bin Jaber Al-Thani<\/strong><\/p>\n\n\n\n<p>Manhattan\u2019s luxury real estate has long caught the eye of international dignitaries, and in June 2012, Sheik Hamad bin Jassim bin Jaber Al-Thani joined their ranks. The former prime minister and foreign secretary of Qatar paid $47 million for the six-story, Lenox Hill mansion, which had been initially listed for $75 million by real estate developer Aby Rosen, following a large-scale renovation.<\/p>\n\n\n\n<p>Initially built in 1922 for wool magnate Julius Forstmann in an Italian Renaissance style, the property comprises 25 rooms. Today, the 21,257-square-foot property maintains the same layout overall, but has undergone more than $16 million in further renovations and enhancements under the ownership of the Qatari politician. Now, the property is estimated at close to $58 million, with its last property tax bill enough to buy a home in Kips Bay, Bensonhurst or College Point.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/04\/220-Central-Park-South-50.jpg?w=683\" alt=\"\" class=\"wp-image-44633\" style=\"width:300px\"\/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_220_Central_Park_South_50\"><\/span>2) <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/149073975\/220-Central-Park-S-New-York-NY-10019\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>220 Central Park South #50<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $860,055<\/strong><\/p>\n\n\n\n<p><strong>Owner: Ken Griffin<\/strong><\/p>\n\n\n\n<p>Ken Griffin\u2019s $240 million purchase of the sprawling #50 penthouse at 220 Central Park South remains the most expensive home ever sold in the U.S. to date. The deal \u2014 3.5 years in the making \u2014 saw the Citadel founder become the owner of a 23,000-square-foot quadplex comprising 16 bedrooms, 17 bathrooms and generous outdoor spaces. Occupying floors 50 through 53 in the 70-story skyscraper, the property enjoys sweeping views of the city.<\/p>\n\n\n\n<p>Later that year, Griffin further invested into the high-rise, picking up two adjoining units on the 20<sup>th<\/sup> floor, reportedly for <a href=\"https:\/\/nypost.com\/2019\/10\/10\/ken-griffin-buys-two-more-units-in-220-central-park-south\/\" target=\"_blank\" rel=\"noreferrer noopener\">staff and guests<\/a>: The 519-square-foot Unit 20H sold for $1.89 million, while the 545-square-foot Unit 20J fetched nearly $2.1 million.<\/p>\n\n\n\n<p>Essentially, two years of property taxes on Unit 50 would nearly cover the price of Unit 20H. Otherwise, outside of Central Park South, just the previous year\u2019s property taxes could easily pay for a Turtle Bay or Roosevelt Island home. Or, with a little luck and research, it could also snag a place in Bedford-Stuyvesant, the Lower East Side, Clinton Hill or Borough Park.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2025\/04\/7-East-72nd-Street-1.jpg?w=1024\" alt=\"\" class=\"wp-image-44625\" style=\"width:300px\"\/><figcaption class=\"wp-element-caption\"><em><sub>Photo via PropertyShark<\/sub><\/em><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_7_East_72nd_Street\"><\/span>1)<a> <\/a><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/22504\/7-E-72-St-New-York-NY-10021\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>7 East 72nd Street<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Property Taxes Paid: $984,265<\/strong><\/p>\n\n\n\n<p><strong>Owner: Sheikh Hamad bin Khalifa Al Thani<\/strong><\/p>\n\n\n\n<p>Built in the late 1890s for Standard Oil heir Oliver Gould Jennings, 7 E. 72nd St. has become a veritable ultra-luxury family compound for the Qatari royal family. Back in 2003, the then-Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani, bought both the Oliver Gould Jennings House and the adjacent Henry T. Sloan House at 9 E. 72nd St. from Lyc\u00e9e Fran\u00e7ais for just $25.5 million.<\/p>\n\n\n\n<p>He then embarked on a lavish renovation plan that ran into the tens of millions. When renovations were completed in 2010, the two mansions were combined into a sprawling, 42,380-square-foot compound. Just seven years later, the royal family also picked up the adjacent 12 E. 73rd St. for $41 million, turning the luxurious former home of billionaire Andrew Farkas into <a href=\"https:\/\/ny.curbed.com\/2017\/7\/3\/15914386\/qatar-nyc-property-townhouses\" target=\"_blank\" rel=\"noreferrer noopener\">staff quarters<\/a>.<\/p>\n\n\n\n<p>Today, the main compound at 7 E. 72nd St. \u2014 NYC\u2019s largest private residence \u2014 has an estimated value of $81.6 million. Moreover, its latest property tax bill could easily buy a home in Fresh Meadows, Queensboro Hill, Hollis Hills, or even the Financial District or Dyker Heights.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Methodology\"><\/span>Methodology<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>To identify the top 10 largest property tax bills in New York City, we analyzed all property taxes for single family homes and condo units for the July 1, 2024, to June 30, 2025, timeframe.<\/p>\n\n\n\n<p>Co-ops were excluded due to property taxes being charged for the entire building, not at the individual unit level. Properties still in the developer\u2019s portfolio have also been excluded.<\/p>\n\n\n\n<p>Tax data was sourced from the New York City Department of Finance.<\/p>\n\n\n\n<p>Neighborhood-level median sale prices were sourced from PropertyShark\u2019s <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-nyc-neighborhoods\/\" target=\"_blank\" rel=\"noreferrer noopener\">2024 Most Expensive NYC Neighborhoods<\/a> report.<\/p>\n\n\n\n<p>Property sale prices were sourced from property deeds and documents.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Fair Use & Redistribution\u00a0\u00a0<\/h4>\n\n\n\n<p>We encourage and freely grant permission to reuse and repost information, analysis, charts, tables,\u00a0and images included on this page. When doing so, we only ask that you link back to this page or PropertyShark.com as the official source.\u00a0<\/p>\n\n\n\n<p>Information, statistics and analysis provided by PropertyShark have been covered by thousands of news outlets and publications that rely on PropertyShark for accurate and reliable real estate data, including\u00a0<em>The New York Times<\/em>,\u00a0<em>Bloomberg<\/em>,\u00a0<em>The Wall Street Journal<\/em>,\u00a0<em>Forbes\u00a0<\/em>and\u00a0<em>The Real Deal<\/em>.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_PropertyShark\"><\/span>About PropertyShark<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><a href=\"https:\/\/www.propertyshark.com\/mason\/\" target=\"_blank\" rel=\"noreferrer noopener\">PropertyShark<\/a>\u00a0is an online real estate database and property research tool that provides building details, ownership information, comparable sales, and foreclosure data. Founded in 2003, PropertyShark serves real estate professionals and consumers in New York and other major U.S. markets.<\/p>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>See which NYC homes had the largest property tax bills this tax season and discover who owns the city&#8217;s most exclusive mansions and condos.<\/p>\n","protected":false},"author":49,"featured_media":44838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[328],"tags":[11093,7],"class_list":["post-44933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york-real-estate","tag-luxury","tag-residential-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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