Brooklyn / Spring Creek-Starrett City / 11239
1540 VAN SICLEN AVENUE
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.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 20 Aug 2021 | $1,558,231,415 | 1173 | APARTMENT BUILDING | RPTT&RET |
| 20 Aug 2021 | $243,572,984 | 1173 | APARTMENT BUILDING | RPTT&RET |
- 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.
The building on the lot
Section through the lot
Assessment
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.
Classification and location
Other buildings in Spring Creek-Starrett City
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 180 BETHEL LOOP | D3 | 2,926 | 1970 | 3 | - |
| 1325 PENNSYLVANIA AVENUE | D3 | 2,222 | 1972 | 2 | - |
| 1260 CROTON LOOP | D3 | 1,168 | 1972 | 3 | - |
| 1155 PENNSYLVANIA AVENUE | D3 | 1,092 | 1971 | 3 | - |
| 35 INSPIRATION LANE | D6 | 460 | 2025 | 0 | - |
| 6 VITAL AVENUE | RM | 451 | 2022 | 0 | - |
| ERSKINE STREET | D6 | 425 | 2025 | 0 | - |
| 894 FOUNTAIN AVENUE | RM | 422 | 2018 | 0 | - |
| 911 ERSKINE STREET | RM | 267 | 2017 | 0 | - |
| FOUNTAIN AVENUE | D3 | 209 | 2025 | 0 | - |
| 10 SCHROEDER'S WALK | RM | 200 | 2018 | 1 | - |
| 890 ERSKINE ST | D6 | 184 | 2024 | 0 | - |