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Brooklyn / Crown Heights (South) / 11225

1238 PRESIDENT STREET

Boro3
Block1283
Lot1
BBL3012830001
Class D4
Residential units
241
Units in total
241
Storeys
15
Year built
1972
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 92,506 SQ FT15
Drawn from PLUTO: 15 storeys, 221,100 sq ft of building on 92,506 sq ft of lot, an average floor plate covering 16% of it. The dashed outline is the difference between the floor area ratio already built (2.39) and the residential floor area ratio of the zoning district (3.44). It is a diagram of recorded figures, not a picture of the building.
Lot area
92,506 sq ft
Building area
221,100 sq ft
Residential area
221,100 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.39
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$1,248,750
Assessed total value
$10,663,200
Exempt value
$10,663,200
Assessed per residential unit
$44,246

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
D4ELEVATOR COOPERATIVE
Neighbourhood
Crown Heights (South)
ZIP code
11225
Community district
Brooklyn 9
Council district
35
Coordinates
40.667614, -73.949916
05

Other buildings in Crown Heights (South)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
54 CROWN STREETD656920240-
1089 PRESIDENT STREETRM41520190-
49 CROWN STREETD332119731-
960 FRANKLIN AVENUED330120250-
975 NOSTRAND AVENUED626620230-
931 CARROLL STREETD121420240-
111 MONTGOMERY STREETR21632018188$784k
451 KINGSTON AVENUED715619290-
240 CROWN STREETD113519270-
250 CROWN STREETD112919270-
1702 CARROLL STREETD4125192634$200k
712 CROWN STREETD112419260-

Every building on file in Crown Heights (South)