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Brooklyn / Spring Creek-Starrett City / 11239

1155 PENNSYLVANIA AVENUE

Boro3
Block4435
Lot1
BBL3044350001
Class D3
Residential units
1,092
Units in total
1,092
Storeys
20
Year built
1971
Last alteration on file
2010
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
20 Aug 2021$1,558,231,415780APARTMENT BUILDINGRPTT&RET
20 Aug 2021$243,572,984780APARTMENT BUILDINGRPTT&RET
4 May 2018$869,612,896-APARTMENT BUILDINGDEED
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.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20212$900,902,200$243,572,984$1,558,231,415
20181$869,612,896--
02

The building on the lot

Section through the lot

LOT 358,496 SQ FT20
Drawn from PLUTO: 20 storeys, 997,720 sq ft of building on 358,496 sq ft of lot, an average floor plate covering 14% of it. PLUTO records 5 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
358,496 sq ft
Building area
997,720 sq ft
Residential area
997,720 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
5
Built floor area ratio
2.78
Residential FAR permitted
1.5
Zoning district
R5
03

Assessment

Assessed land value
$1,939,050
Assessed total value
$39,886,200
Exempt value
$39,886,200
Assessed per residential unit
$36,526

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
D3ELEVATOR APT; FIREPROOF WITHOUT STORES
Neighbourhood
Spring Creek-Starrett City
ZIP code
11239
Community district
Brooklyn 5
Council district
42
Coordinates
40.653651, -73.882032
05

Other buildings in Spring Creek-Starrett City

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
180 BETHEL LOOPD32,92619703-
1540 VAN SICLEN AVENUED32,22919752-
1325 PENNSYLVANIA AVENUED32,22219722-
1260 CROTON LOOPD31,16819723-
35 INSPIRATION LANED646020250-
6 VITAL AVENUERM45120220-
ERSKINE STREETD642520250-
894 FOUNTAIN AVENUERM42220180-
911 ERSKINE STREETRM26720170-
FOUNTAIN AVENUED320920250-
10 SCHROEDER'S WALKRM20020181-
890 ERSKINE STD618420240-

Every building on file in Spring Creek-Starrett City