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Brooklyn / Crown Heights (South) / 11225

1089 PRESIDENT STREET

Recorded on the Digital Tax Map as BEDFORD COURTS II AND III CONDOMINIUM.

Boro3
Block1274
Lot7501
BBL3012747501
Class RM
Residential units
415
Units in total
417
Storeys
8
Year built
2019
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

LOT 45,293 SQ FT8
Drawn from PLUTO: 8 storeys, 370,568 sq ft of building on 45,293 sq ft of lot, an average floor plate covering 100% 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
45,293 sq ft
Building area
370,568 sq ft
Residential area
320,544 sq ft
Commercial area
50,024 sq ft
Office area
-
Retail area
23,660 sq ft
Buildings on the lot
2
Built floor area ratio
8.18
Residential FAR permitted
3.44
Zoning district
R7-2
03

Assessment

Assessed land value
$1,630,350
Assessed total value
$44,087,399
Exempt value
$44,087,399
Assessed per residential unit
$106,235

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
RM
Neighbourhood
Crown Heights (South)
ZIP code
11225
Community district
Brooklyn 9
Council district
35
Coordinates
40.668467, -73.954811

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Crown Heights (South)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
54 CROWN STREETD656920240-
49 CROWN STREETD332119731-
960 FRANKLIN AVENUED330120250-
975 NOSTRAND AVENUED626620230-
1238 PRESIDENT STREETD424119720-
931 CARROLL STREETD121420240-
111 MONTGOMERY STREETR21632018188$784k
451 KINGSTON AVENUED715619290-
240 CROWN STREETD113519270-
250 CROWN STREETD112919270-
1702 CARROLL STREETD4125192634$200k
712 CROWN STREETD112419260-

Every building on file in Crown Heights (South)