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Manhattan / Midtown South-Flatiron-Union Square / 10001

109 WEST 31 STREET

Recorded on the Digital Tax Map as THE TOWER 111 CONDOMINIUM.

Boro1
Block807
Lot7502
BBL1008077502
Class RM
Residential units
337
Units in total
339
Storeys
0
Year built
2008
Last alteration on file
-
Recorded transfers
1 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
26 Sep 2018$665,981RUBULK SALE OF CONDOMINIUMSRPTT
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.
02

The building on the lot

Section through the lot

Lot area
18,104 sq ft
Building area
401,085 sq ft
Residential area
327,388 sq ft
Commercial area
73,697 sq ft
Office area
-
Retail area
49,759 sq ft
Buildings on the lot
1
Built floor area ratio
22.15
Residential FAR permitted
10
Zoning district
C6-6
03

Assessment

Assessed land value
$3,839,400
Assessed total value
$73,169,550
Exempt value
$0
Assessed per residential unit
$217,120

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
Midtown South-Flatiron-Union Square
ZIP code
10001
Community district
Manhattan 5
Council district
3
Coordinates
40.748449, -73.989303

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 Midtown South-Flatiron-Union Square

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
7 EAST 14 STREETD44951965489$800k
6 WEST 16 STREETD44811964464$847k
241 WEST 28 STREETD648020211-
132 WEST 32 STREETRM45820051-
56 WEST 23 STREETD643120000-
7 WEST 14 STREETD44301964418$885k
5 EAST 22 STREETRM4231985418$1.58m
10 EAST 28 STREETD641619121-
55 WEST 25 STREETD640720050-
7 EAST 28 STREETD840419981-
776 AVENUE OF THE AMERICASD838720001-
855 AVENUE OF THE AMERICASRM38220140-

Every building on file in Midtown South-Flatiron-Union Square