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Brooklyn / Bushwick (East) / 11221

116 GROVE STREET

Boro3
Block3323
Lot17
BBL3033230017
Class C1
Residential units
32
Units in total
32
Storeys
4
Year built
1932
Last alteration on file
1993
Recorded transfers
2 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 Jun 2019$271,250-APARTMENT BUILDINGDEED
20 Jun 2019$1,987,332-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

LOT 7,500 SQ FT4
Drawn from PLUTO: 4 storeys, 19,000 sq ft of building on 7,500 sq ft of lot, an average floor plate covering 63% 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
7,500 sq ft
Building area
19,000 sq ft
Residential area
19,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
2.53
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$168,750
Assessed total value
$994,050
Exempt value
$994,050
Assessed per residential unit
$31,064

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
40.69345, -73.920168
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-
1103 GATES AVENUEC18319281-
1255 GATES AVENUED18320080-
269 CENTRAL AVENUEC17219820-
335 IRVING AVENUERR7019630-
93 LINDEN STREETD16820191-

Every building on file in Bushwick (East)