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Brooklyn / Midwood / 11230

1201 AVENUE K

Boro3
Block6714
Lot41
BBL3067140041
Class C7
Residential units
74
Units in total
75
Storeys
4
Year built
1923
Last alteration on file
1984
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
14 Aug 2006$7,150,000-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 20,000 SQ FT4
Drawn from PLUTO: 4 storeys, 57,500 sq ft of building on 20,000 sq ft of lot, an average floor plate covering 72% of it. The dashed outline is the difference between the floor area ratio already built (2.88) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
20,000 sq ft
Building area
57,500 sq ft
Residential area
53,116 sq ft
Commercial area
2,500 sq ft
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.88
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$270,000
Assessed total value
$2,837,700
Exempt value
$0
Assessed per residential unit
$38,347

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
C7WALK-UP APT. OVER SIX FAMILIES WITH STORES
Neighbourhood
Midwood
ZIP code
11230
Community district
Brooklyn 14
Council district
44
Coordinates
40.622774, -73.963304
05

Other buildings in Midwood

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1263 EAST 14 STREETD630220171-
1401 OCEAN AVENUED41841963110$750k
1255 EAST 19 STREETD314419590-
2400 NOSTRAND AVENUED113319553-
1615 AVENUE ID41321941134$440k
920 EAST 17 STREETD41321948111$425k
1602 AVENUE ID4129194156$377k
1219 AVENUE OD112019852-
1818 OCEAN AVENUED112019490-
2525 NOSTRAND AVENUED4114195368$309k
1641 OCEAN AVENUED111319260-
2501 NOSTRAND AVENUED711219532-

Every building on file in Midwood