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Brooklyn / Borough Park / 11218

1502 37 STREET

Boro3
Block5367
Lot7501
BBL3053677501
Class R3
Residential units
21
Units in total
21
Storeys
3.5
Year built
1997
Last alteration on file
-
Recorded transfers
6 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
21 Mar 2023$990,0003FSINGLE RESIDENTIAL CONDO UNITDEED
22 Oct 2021$101BSINGLE RESIDENTIAL CONDO UNITDEED
26 Jan 2021$690,0003BSINGLE RESIDENTIAL CONDO UNITDEED
14 Dec 2016$900,0003ESINGLE RESIDENTIAL CONDO UNITDEED
17 Sep 2009$105,0001GSINGLE RESIDENTIAL CONDO UNITDEED
15 Dec 2008$101BSINGLE RESIDENTIAL CONDO UNITDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20231$990,000--
20212$345,005$10$690,000
20161$900,000--
20091$105,000--
20081$10--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 16,500 SQ FT4
Drawn from PLUTO: 4 storeys, 29,537 sq ft of building on 16,500 sq ft of lot, an average floor plate covering 45% of it. PLUTO records 8 buildings on this lot, so the mass drawn is their combined floor area. The dashed outline is the difference between the floor area ratio already built (1.79) and the residential floor area ratio of the zoning district (2.43). It is a diagram of recorded figures, not a picture of the building.
Lot area
16,500 sq ft
Building area
29,537 sq ft
Residential area
29,537 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
8
Built floor area ratio
1.79
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$21,840
Assessed total value
$1,176,728
Exempt value
$0
Assessed per residential unit
$56,035

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
R3CONDO; RESIDENTIAL UNIT IN 1-3 STORY BLDG.
Neighbourhood
Borough Park
ZIP code
11218
Community district
Brooklyn 12
Council district
39
Coordinates
40.638621, -73.980266
05

Other buildings in Borough Park

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
5100 15 AVENUED4100193114$580k
5000 15 AVENUED18719280-
4515 12 AVENUED18019250-
4515 NEW UTRECHT AVENUERM8019100-
4812 14 AVENUED77819270-
4910 15 AVENUED77519350-
5619 15 AVENUED17219310-
1364 51 STREETD77019600-
1320 51 STREETD16519350-
1451 52 STREETD16519310-
4701 15 AVENUED16519271-
5501 15 AVENUED16519280-

Every building on file in Borough Park