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Manhattan / Gramercy / 10003

140 EAST 16 STREET

Boro1
Block871
Lot50
BBL1008710050
Class C5
Residential units
34
Units in total
34
Storeys
5
Year built
1910
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
31 Jan 2008$2,600,000-APARTMENT BUILDINGRPTT&RET
17 May 2005$2,250,000-APARTMENT BUILDINGDEED
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.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20081$2,600,000--
20051$2,250,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 2,581 SQ FT5
Drawn from PLUTO: 5 storeys, 6,718 sq ft of building on 2,581 sq ft of lot, an average floor plate covering 52% of it. The dashed outline is the difference between the floor area ratio already built (2.6) 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
2,581 sq ft
Building area
6,718 sq ft
Residential area
6,718 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.6
Residential FAR permitted
4
Zoning district
R8B
03

Assessment

Assessed land value
$157,950
Assessed total value
$1,387,350
Exempt value
$0
Assessed per residential unit
$40,804

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
C5CONVERTED DWELLINGS OR ROOMING HOUSE
Neighbourhood
Gramercy
ZIP code
10003
Community district
Manhattan 6
Council district
2
Coordinates
40.734698, -73.986999
05

Other buildings in Gramercy

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
10 UNION SQUARE EASTRM6451988570$1.21m
401 1 AVENUED451019703$1.76m
381 2 AVENUERX3391931349$695k
143 EAST 23 STREETD632619281-
205 3 AVENUED43261964389$715k
329 2 AVENUED629219633-
130 EAST 18 STREETD42711962236$735k
195 3 AVENUED42701973251$950k
267 3 AVENUED42641962270$723k
382 2 AVENUED42621965232$575k
145 EAST 15 STREETD42481959244$710k
166 3 AVENUED623119630-

Every building on file in Gramercy