July 5th 2023
Coldwell Banker Global Luxury (CBGL) Blog
In its literal translation, the French expression pied-à-terre means “a foot on the ground.” When it comes to New York real estate, a pied-à-terre often refers to an apartment designated for occasional use, serving as a temporary abode for business activities or more leisurely affairs, such as attending a Broadway show. A pied-à-terre by this definition can be found in any major city, of course, giving wealthy non-primary homeowners an opportunity to get a taste of the culture and excitement of urban life – whether it’s exploring museums, indulging in shopping, or savoring five-star dining experiences – without a long commute back home.