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The Bronx / Hunts Point / 10474

1325 LAFAYETTE AVENUE

Boro2
Block2762
Lot181
BBL2027620181
Class D7
Residential units
72
Units in total
73
Storeys
6
Year built
1931
Last alteration on file
1985
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 Oct 2015$8,975,688-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

LOT 15,000 SQ FT6
Drawn from PLUTO: 6 storeys, 67,800 sq ft of building on 15,000 sq ft of lot, an average floor plate covering 75% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
15,000 sq ft
Building area
67,800 sq ft
Residential area
64,300 sq ft
Commercial area
3,500 sq ft
Office area
-
Retail area
3,500 sq ft
Buildings on the lot
1
Built floor area ratio
4.52
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$80,100
Assessed total value
$1,202,400
Exempt value
$1,145,406
Assessed per residential unit
$16,700

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
D7ELEVATOR APT; SEMI-FIREPROOF WITH STORES
Neighbourhood
Hunts Point
ZIP code
10474
Community district
The Bronx 2
Council district
17
Coordinates
40.81728, -73.885683
05

Other buildings in Hunts Point

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
985 BRUCKNER BOULEVARDD321520180-
887 SOUTHERN BOULEVARDD112419850-
750 FAILE STREETD411119650-
700 MANIDA STREETD710820190-
870 SOUTHERN BOULEVARDD110520050-
1018 EAST 163RD STREETRM9719090-
1291 LAFAYETTE AVENUED99219890-
667 CASANOVA STREETC78419200-
1225 SENECA AVENUEC17519260-
862 SOUTHERN BOULEVARDD76819220-
1230 SPOFFORD AVENUEC665192817$50k
750 BRYANT AVENUED16119281-

Every building on file in Hunts Point