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Queens / Kew Gardens / 11418

107-01 PARK LANE SOUTH

Boro4
Block3312
Lot1
BBL4033120001
Class D4
Residential units
152
Units in total
152
Storeys
6
Year built
1935
Last alteration on file
1986
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
25 Nov 2019$475,000B3MSINGLE RESIDENTIAL COOP UNITRPTT&RET
9 Nov 2011$365,100C4BSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Jan 2008$210,000C4BSINGLE 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
20191$475,000--
20111$365,100--
20081$210,000--
02

The building on the lot

Section through the lot

LOT 67,500 SQ FT6
Drawn from PLUTO: 6 storeys, 209,844 sq ft of building on 67,500 sq ft of lot, an average floor plate covering 52% of it. PLUTO records 2 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
67,500 sq ft
Building area
209,844 sq ft
Residential area
209,844 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
3.11
Residential FAR permitted
0.75
Zoning district
R3-2
03

Assessment

Assessed land value
$1,225,350
Assessed total value
$8,189,100
Exempt value
$217,894
Assessed per residential unit
$53,876

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
Kew Gardens
ZIP code
11418
Community district
Queens 9
Council district
29
Coordinates
40.708749, -73.837053
05

Other buildings in Kew Gardens

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
125-10 QUEENS BOULEVARDRM3771960408$270k
118-18 UNION TURNPIKED42131974275$255k
123-60 83 AVENUED621019600-
83-57 118 STREETD118619400-
83-31 116 STREETD118019500-
117-01 METROPOLITAN AVENUED41681935392$356k
83-75 118 STREETD41501954152$320k
118-60 METROPOLITAN AVENUED41481954170$265k
83-40 AUSTIN STREETD41481956175$285k
82-67 AUSTIN STREETD314419271-
123-40 83 AVENUED41321960116$292k
84-70 129 STREETD41311969168$214k

Every building on file in Kew Gardens