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The Bronx / Morrisania / 10456

1254 FRANKLIN AVENUE

Boro2
Block2615
Lot12
BBL2026150012
Class C1
Residential units
20
Units in total
20
Storeys
5
Year built
1911
Last alteration on file
2001
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.

RecordedConsiderationUnitWhat transferredInstrument
28 Aug 2018$6,688,975-APARTMENT BUILDINGDEED
28 Aug 2018$13,275,000-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 7,747 SQ FT5
Drawn from PLUTO: 5 storeys, 15,485 sq ft of building on 7,747 sq ft of lot, an average floor plate covering 40% of it. The dashed outline is the difference between the floor area ratio already built (2) and the residential floor area ratio of the zoning district (2.43). It is a diagram of recorded figures, not a picture of the building.
Lot area
7,747 sq ft
Building area
15,485 sq ft
Residential area
15,485 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$40,500
Assessed total value
$233,100
Exempt value
$25,694
Assessed per residential unit
$11,655

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
Morrisania
ZIP code
10456
Community district
The Bronx 3
Council district
17
Coordinates
40.83072, -73.902413
05

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1191 BOSTON ROADD115320150-
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Every building on file in Morrisania