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Manhattan / Upper East Side-Lenox Hill-Roosevelt Island / 10021

1231 3 AVENUE

Recorded on the Digital Tax Map as THE 1231-1237 THIRD AVENUE CONDOMINIUM.

Boro1
Block1426
Lot7501
BBL1014267501
Class RM
Residential units
34
Units in total
35
Storeys
4
Year built
1930
Last alteration on file
2014
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
19 Jul 2018$60,000,000UNT2MULTIPLE RESIDENTIAL CONDO UNTRPTT&RET
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.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 9,254 SQ FT4
Drawn from PLUTO: 4 storeys, 41,279 sq ft of building on 9,254 sq ft of lot, an average floor plate covering 100% of it. The dashed outline is the difference between the floor area ratio already built (4.46) 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
9,254 sq ft
Building area
41,279 sq ft
Residential area
25,972 sq ft
Commercial area
15,307 sq ft
Office area
-
Retail area
15,307 sq ft
Buildings on the lot
1
Built floor area ratio
4.46
Residential FAR permitted
10
Zoning district
C1-9
03

Assessment

Assessed land value
$2,025,000
Assessed total value
$9,393,300
Exempt value
$0
Assessed per residential unit
$276,274

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
RM
Neighbourhood
Upper East Side-Lenox Hill-Roosevelt Island
ZIP code
10021
Community district
Manhattan 8
Council district
5
Coordinates
40.769127, -73.960667

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Upper East Side-Lenox Hill-Roosevelt Island

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
MAIN STREETD48,0181975256$490k
510 MAIN STREETD61,00319691-
200 EAST 72 STREETD685519790-
215 EAST 68 STREETD661319620-
1201 2 AVENUED653219630-
450 EAST 63 STREETD650319504$681k
425 EAST 63 STREETR94951956396$778k
200 EAST 66 STREETRM4901951664$2.40m
1424 2 AVENUED646719791-
1325 1 AVENUED44601963395$999k
1313 YORK AVENUED643019660-
1365 YORK AVENUED841819770-

Every building on file in Upper East Side-Lenox Hill-Roosevelt Island