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Brooklyn / Bushwick (East) / 11221

1103 GATES AVENUE

Boro3
Block3330
Lot32
BBL3033300032
Class C1
Residential units
83
Units in total
83
Storeys
4
Year built
1928
Last alteration on file
1989
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
1 Nov 2010$4,323,727-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.
02

The building on the lot

Section through the lot

LOT 22,002 SQ FT4
Drawn from PLUTO: 4 storeys, 56,940 sq ft of building on 22,002 sq ft of lot, an average floor plate covering 65% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
22,002 sq ft
Building area
56,940 sq ft
Residential area
56,940 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.59
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$346,500
Assessed total value
$1,341,000
Exempt value
$0
Assessed per residential unit
$16,157

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Bushwick (East)
ZIP code
11221
Community district
Brooklyn 4
Council district
37
Coordinates
40.690357, -73.921575
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-
1255 GATES AVENUED18320080-
269 CENTRAL AVENUEC17219820-
335 IRVING AVENUERR7019630-
93 LINDEN STREETD16820191-
575 CENTRAL AVENUED96720060-

Every building on file in Bushwick (East)