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Brooklyn / Flatbush / 11226

1247 FLATBUSH AVENUE

Boro3
Block5210
Lot17
BBL3052100017
Class D9
Residential units
46
Units in total
46
Storeys
4
Year built
2007
Last alteration on file
-
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
28 Jun 2023$6,778,964-APARTMENT BUILDINGRPTT&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 8,050 SQ FT4
Drawn from PLUTO: 4 storeys, 25,212 sq ft of building on 8,050 sq ft of lot, an average floor plate covering 78% of it. The dashed outline is the difference between the floor area ratio already built (3.13) 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
8,050 sq ft
Building area
25,212 sq ft
Residential area
25,212 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.13
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$202,950
Assessed total value
$1,082,700
Exempt value
$1,082,700
Assessed per residential unit
$23,537

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
D9ELEVATOR APT; MISCELLANEOUS
Neighbourhood
Flatbush
ZIP code
11226
Community district
Brooklyn 14
Council district
45
Coordinates
40.639926, -73.954697
05

Other buildings in Flatbush

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
BEDFORD AVENUED635420240-
BEVERLY ROADD629620240-
800 FLATBUSH AVENUERM25520190-
1640 FLATBUSH AVENUED717120230-
2255 NOSTRAND AVENUED616320240-
18 WOODRUFF AVENUED116119550-
160 PARKSIDE AVENUED315819641-
21 LENOX ROADD615020250-
765 FLATBUSH AVENUED615020250-
1710 CORTELYOU ROADD713119601-
45 WOODRUFF AVENUED313120150-
777 EAST 31 STREETD112519610-

Every building on file in Flatbush