apartmentsforsalenyc
SourcesAdvertise

Publisher, not broker. A publisher of public records. Not a broker, no commission, no per-transaction fee. Advertising is flat fee and labelled. How this site makes money

Brooklyn / Spring Creek-Starrett City / 11239

1325 PENNSYLVANIA AVENUE

Boro3
Block4452
Lot20
BBL3044520020
Class D3
Residential units
2,222
Units in total
2,222
Storeys
17
Year built
1972
Last alteration on file
2012
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
20 Aug 2021$1,558,231,4151164APARTMENT BUILDINGRPTT&RET
20 Aug 2021$243,572,9841164APARTMENT 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 883,293 SQ FT17
Drawn from PLUTO: 17 storeys, 1,485,000 sq ft of building on 883,293 sq ft of lot, an average floor plate covering 10% of it. PLUTO records 11 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
883,293 sq ft
Building area
1,485,000 sq ft
Residential area
1,485,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
11
Built floor area ratio
1.68
Residential FAR permitted
1.5
Zoning district
R5
03

Assessment

Assessed land value
$4,770,000
Assessed total value
$63,813,600
Exempt value
$63,813,600
Assessed per residential unit
$28,719

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
D3ELEVATOR APT; FIREPROOF WITHOUT STORES
Neighbourhood
Spring Creek-Starrett City
ZIP code
11239
Community district
Brooklyn 5
Council district
42
Coordinates
40.644248, -73.880095
05

Other buildings in Spring Creek-Starrett City

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
180 BETHEL LOOPD32,92619703-
1540 VAN SICLEN AVENUED32,22919752-
1260 CROTON LOOPD31,16819723-
1155 PENNSYLVANIA AVENUED31,09219713-
35 INSPIRATION LANED646020250-
6 VITAL AVENUERM45120220-
ERSKINE STREETD642520250-
894 FOUNTAIN AVENUERM42220180-
911 ERSKINE STREETRM26720170-
FOUNTAIN AVENUED320920250-
10 SCHROEDER'S WALKRM20020181-
890 ERSKINE STD618420240-

Every building on file in Spring Creek-Starrett City