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Manhattan / Murray Hill-Kips Bay / 10016

114 EAST 40 STREET

Boro1
Block895
Lot82
BBL1008950082
Class D6
Residential units
35
Units in total
37
Storeys
9
Year built
1925
Last alteration on file
1979
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
21 Nov 2016$27,500,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 3,950 SQ FT9
Drawn from PLUTO: 9 storeys, 26,178 sq ft of building on 3,950 sq ft of lot, an average floor plate covering 74% of it. The dashed outline is the difference between the floor area ratio already built (6.63) and the residential floor area ratio of the zoning district (10). It is a diagram of recorded figures, not a picture of the building.
Lot area
3,950 sq ft
Building area
26,178 sq ft
Residential area
23,178 sq ft
Commercial area
3,000 sq ft
Office area
-
Retail area
3,000 sq ft
Buildings on the lot
1
Built floor area ratio
6.63
Residential FAR permitted
10
Zoning district
C5-2.5
03

Assessment

Assessed land value
$585,000
Assessed total value
$3,823,650
Exempt value
$0
Assessed per residential unit
$109,247

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
D6ELEVATOR APT; FIREPROOF WITH STORES
Neighbourhood
Murray Hill-Kips Bay
ZIP code
10016
Community district
Manhattan 6
Council district
4
Coordinates
40.750237, -73.977764
05

Other buildings in Murray Hill-Kips Bay

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
333 EAST 30 STREETRM1,1171962733$795k
500 2 AVENUED689419751-
235 EAST 42 STREETD688419600-
330 EAST 38 STREETRM8301989858$1.17m
1 TUDOR CITY PLACED47991930634$320k
151 EAST 31 STREETD670919880-
300 EAST 40 STREETRM5861967475$765k
219 EAST 42 STREETD656119050-
685 FIRST AVENUERM5562016151$2.41m
330 EAST 39 STREETD651019800-
630 1 AVENUERM4841984427$875k
222 EAST 34 STREETD848020020-

Every building on file in Murray Hill-Kips Bay