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Brooklyn / Bushwick (East) / 11221

1041 BUSHWICK AVENUE

Boro3
Block3331
Lot36
BBL3033310036
Class D1
Residential units
47
Units in total
47
Storeys
6
Year built
1924
Last alteration on file
1980
Recorded transfers
5 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
24 Jun 2013$273,573-APARTMENT BUILDINGRPTT&RET
20 Jun 2013$174,856-APARTMENT BUILDINGRPTT&RET
20 Jun 2013$174,856-APARTMENT BUILDINGRPTT&RET
31 Dec 2012$241,586-APARTMENT BUILDINGRPTT&RET
5 Dec 2012$1,333,104-APARTMENT BUILDINGRPTT&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
20133$174,856$174,856$273,573
20122$787,345$241,586$1,333,104
02

The building on the lot

Section through the lot

LOT 10,000 SQ FT6
Drawn from PLUTO: 6 storeys, 52,630 sq ft of building on 10,000 sq ft of lot, an average floor plate covering 88% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
10,000 sq ft
Building area
52,630 sq ft
Residential area
52,630 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
5.26
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$67,500
Assessed total value
$1,455,300
Exempt value
$0
Assessed per residential unit
$30,964

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Bushwick (East)
ZIP code
11221
Community district
Brooklyn 4
Council district
37
Coordinates
40.691296, -73.920658
05

Other buildings in Bushwick (East)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
340 EVERGREEN AVENUED116820190-
8 PALMETTO STREETRM11520200-
87 PALMETTO STREETD111519800-
871 BUSHWICK AVENUERI11019540-
1325 BROADWAYD710720230-
43 GOODWIN PLACED110019911-
297 WILSON AVENUED19619960-
1103 GATES AVENUEC18319281-
1255 GATES AVENUED18320080-
269 CENTRAL AVENUEC17219820-
335 IRVING AVENUERR7019630-
93 LINDEN STREETD16820191-

Every building on file in Bushwick (East)