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Queens / Jamaica / 11435

148-48 88 AVENUE

Boro4
Block9693
Lot29
BBL4096930029
Class D1
Residential units
100
Units in total
100
Storeys
6
Year built
1954
Last alteration on file
2013
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
1 Jun 2006$11,880,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 21,875 SQ FT6
Drawn from PLUTO: 6 storeys, 83,394 sq ft of building on 21,875 sq ft of lot, an average floor plate covering 64% of it. The dashed outline is the difference between the floor area ratio already built (3.81) and the residential floor area ratio of the zoning district (5). It is a diagram of recorded figures, not a picture of the building.
Lot area
21,875 sq ft
Building area
83,394 sq ft
Residential area
83,394 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.81
Residential FAR permitted
5
Zoning district
R7X
03

Assessment

Assessed land value
$492,300
Assessed total value
$3,544,650
Exempt value
$0
Assessed per residential unit
$35,447

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Jamaica
ZIP code
11435
Community district
Queens 12
Council district
27
Coordinates
40.705342, -73.806422
05

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