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Brooklyn / Midwood / 11230

1402 AVENUE M

Boro3
Block6743
Lot1
BBL3067430001
Class D7
Residential units
34
Units in total
38
Storeys
6
Year built
1940
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
5 Nov 2015$9,250,000-APARTMENT BUILDINGDEED
8 Jun 2007$4,200,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20151$9,250,000--
20071$4,200,000--
02

The building on the lot

Section through the lot

LOT 6,300 SQ FT6
Drawn from PLUTO: 6 storeys, 33,630 sq ft of building on 6,300 sq ft of lot, an average floor plate covering 89% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
6,300 sq ft
Building area
33,630 sq ft
Residential area
31,280 sq ft
Commercial area
2,350 sq ft
Office area
-
Retail area
2,350 sq ft
Buildings on the lot
1
Built floor area ratio
5.34
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$110,700
Assessed total value
$1,857,150
Exempt value
$0
Assessed per residential unit
$54,622

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
Midwood
ZIP code
11230
Community district
Brooklyn 14
Council district
44
Coordinates
40.617748, -73.960659
05

Other buildings in Midwood

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1263 EAST 14 STREETD630220171-
1401 OCEAN AVENUED41841963110$750k
1255 EAST 19 STREETD314419590-
2400 NOSTRAND AVENUED113319553-
1615 AVENUE ID41321941134$440k
920 EAST 17 STREETD41321948111$425k
1602 AVENUE ID4129194156$377k
1219 AVENUE OD112019852-
1818 OCEAN AVENUED112019490-
2525 NOSTRAND AVENUED4114195368$309k
1641 OCEAN AVENUED111319260-
2501 NOSTRAND AVENUED711219532-

Every building on file in Midwood