Brooklyn / Crown Heights (North) / 11216
1198 PACIFIC STREET
Boro3
Block1206
Lot5
BBL3012060005
Residential units
35
Units in total
35
Storeys
5
Year built
1892
Last alteration on file
2005
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.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 22 Dec 2023 | $13,623,036 | - | APARTMENT BUILDING | RPTT&RET |
| 11 Sep 2007 | $13,342,877 | - | APARTMENT BUILDING | DEEDO |
- 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.
- DEEDO
- DEED, OTHER. A conveyance the Register files under its other-deed category.
By year
| Year | Transfers | Median recorded | Lowest | Highest |
|---|---|---|---|---|
| 2023 | 1 | $13,623,036 | - | - |
| 2007 | 1 | $13,342,877 | - | - |
02
The building on the lot
Section through the lot
Lot area
11,040 sq ft
Building area
55,200 sq ft
Residential area
55,200 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
5
Residential FAR permitted
3
Zoning district
R6A
03
Assessment
Assessed land value
$64,350
Assessed total value
$707,850
Exempt value
$643,500
Assessed per residential unit
$20,224
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
Crown Heights (North)
ZIP code
11216
Community district
Brooklyn 8
Council district
36
Coordinates
40.677562, -73.952425
05
Other buildings in Crown Heights (North)
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 1880 PACIFIC STREET | D1 | 1,168 | 1950 | 0 | - |
| 953 DEAN STREET | D7 | 240 | 2023 | 0 | - |
| 1034 ATLANTIC AVENUE | D7 | 237 | 2024 | 0 | - |
| 805 ST MARKS AVENUE | D1 | 200 | 1924 | 3 | - |
| 564 ST JOHNS PLACE | D1 | 193 | 2015 | 2 | - |
| 409 EASTERN PARKWAY | RM | 186 | 2016 | 0 | - |
| 1733 BERGEN STREET | D1 | 184 | 1950 | 0 | - |
| 769 ST MARKS AVENUE | D1 | 180 | 1924 | 2 | - |
| 998-1010 PACIFIC STREET | D3 | 175 | 2022 | 0 | - |
| 545 PROSPECT PLACE | D5 | 159 | 1930 | 0 | - |
| 230 KINGSTON AVENUE | D9 | 152 | 1982 | 0 | - |
| 497 ST MARKS AVENUE | D1 | 147 | 2014 | 0 | - |