What does the term pied a terre apartment mean?

Asked by California Mortgage Broker, Oceanside, CA Wed May 16, 2007

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Mitchell Hall, Agent, New York, NY
Wed May 23, 2007
BEST ANSWER
Kristal, It is used for both but the term comes from the latter. Many coops do not allow pied-a-terre' because they want shareholders in their building to have their NY apartment as their primary residence.
2 votes
Mitchell Hall, Agent, New York, NY
Thu May 17, 2007
Pied-a-terre: An apartment in Manhattan that is not the owner's primary residence. It is the owners NYC apartment. More Manhattan Apartment terminology linked below.
4 votes
Pierre Calza…, Other Pro,
Fri Jun 1, 2007
Literally a foot on the ground. A french phrase that lends itself to the transient nature of the unit in question. The affluent, or busy traveler mayhave several of these across the world to avoid staying in long-term hotels, and have some of the comforts and privacy they are used to. Many people may call their own single residences a pied-a-terre due to the temporary way they may look at it, even though they may be there for twenty years, lol.
3 votes
Kristal Kraft, Agent, Greenwood Village, CO
Wed May 23, 2007
Is this sort of residence used during the work week? Or is it more for affluent people for when they want to come to town to play?
3 votes
thank you
Flag Fri Jan 22, 2016
Joseph Ferra…, , New York County, NY
Sun Jun 3, 2007
A second home in the city, used as needed. The apartment need not be owned. You can rent a pied a terre. A condo hotel is a good option for this.
1 vote
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