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The Bronx / Concourse-Concourse Village / 10452

1040 GERARD AVENUE

Boro2
Block2477
Lot15
BBL2024770015
Class D4
Residential units
52
Units in total
52
Storeys
6
Year built
1959
Last alteration on file
-
Recorded transfers
3 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
16 May 2018$52,0006DSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Dec 2012$50,5002ESINGLE RESIDENTIAL COOP UNITRPTT&RET
2 May 2007$38,4795AMULTIPLE RESIDENTIAL COOP UNITRPTT&RET
RPTT&RET
BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.

By year

YearTransfersMedian recordedLowestHighest
20181$52,000--
20121$50,500--
20071$38,479--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 10,000 SQ FT6
Drawn from PLUTO: 6 storeys, 45,786 sq ft of building on 10,000 sq ft of lot, an average floor plate covering 76% of it. The dashed outline is the difference between the floor area ratio already built (4.58) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
10,000 sq ft
Building area
45,786 sq ft
Residential area
45,786 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.58
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$40,050
Assessed total value
$1,208,700
Exempt value
$0
Assessed per residential unit
$23,244

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
D4ELEVATOR COOPERATIVE
Neighbourhood
Concourse-Concourse Village
ZIP code
10452
Community district
The Bronx 4
Council district
16
Coordinates
40.831345, -73.922373
05

Other buildings in Concourse-Concourse Village

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
773 CONCOURSE VILLAGE ED493619640-
355 EXTERIOR STREETD771020250-
1020 GRAND CONCOURSED44531963375$300k
120 EAST 144 STREETD145220240-
900 GRAND CONCOURSED729819230-
261 GRAND CONCOURSED128320240-
425 GRAND CONCOURSERM27720200-
741 CONCOURSE VILLAGE WESTRM26520180-
800 GRAND CONCOURSED42541955191$270k
1169 RIVER AVENUERM24520200-
121 EAST 144 STREETD720620210-
280 EAST 161 STREETD120419802-

Every building on file in Concourse-Concourse Village