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Manhattan / Lower East Side / 10002

138 LUDLOW STREET

Boro1
Block411
Lot42
BBL1004110042
Class C7
Residential units
27
Units in total
29
Storeys
6
Year built
1920
Last alteration on file
-
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
16 Jan 2018$18,900,000-APARTMENT BUILDINGDEED
14 Oct 2004$2,225,000-APARTMENT BUILDINGRPTT&RET
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
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.

By year

YearTransfersMedian recordedLowestHighest
20181$18,900,000--
20041$2,225,000--
02

The building on the lot

Section through the lot

LOT 4,235 SQ FT6
Drawn from PLUTO: 6 storeys, 18,180 sq ft of building on 4,235 sq ft of lot, an average floor plate covering 72% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
4,235 sq ft
Building area
18,180 sq ft
Residential area
15,060 sq ft
Commercial area
3,120 sq ft
Office area
-
Retail area
3,120 sq ft
Buildings on the lot
1
Built floor area ratio
4.29
Residential FAR permitted
4
Zoning district
C4-4A
03

Assessment

Assessed land value
$450,000
Assessed total value
$4,022,550
Exempt value
$0
Assessed per residential unit
$148,983

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
C7WALK-UP APT. OVER SIX FAMILIES WITH STORES
Neighbourhood
Lower East Side
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.720395, -73.987933
05

Other buildings in Lower East Side

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
409 GRAND STREETD48801960621$860k
357 GRAND STREETD48661960608$890k
570 GRAND STREETD48391955563$740k
453 FDR DRIVED48331955552$728k
530 GRAND STREETD45251949398$690k
CLINTON STREETD640019720-
199 BROOME STREETRM37920211-
95 EAST HOUSTON STREETRM36120031-
133 PITT STREETD926320101-
180 BROOME STREETRM26320180-
500 GRAND STREETD42581949174$663k
207 EAST HOUSTON STREETD824320061-

Every building on file in Lower East Side