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Brooklyn / Borough Park / 11219

1574 56 STREET

Boro3
Block5491
Lot37
BBL3054910037
Class C7
Residential units
39
Units in total
40
Storeys
4
Year built
1922
Last alteration on file
2018
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
23 Jun 2006$3,930,000-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

LOT 10,000 SQ FT4
Drawn from PLUTO: 4 storeys, 30,534 sq ft of building on 10,000 sq ft of lot, an average floor plate covering 76% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
10,000 sq ft
Building area
30,534 sq ft
Residential area
28,106 sq ft
Commercial area
2,428 sq ft
Office area
2,428 sq ft
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.05
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$427,500
Assessed total value
$1,003,950
Exempt value
$0
Assessed per residential unit
$25,742

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
C7WALK-UP APT. OVER SIX FAMILIES WITH STORES
Neighbourhood
Borough Park
ZIP code
11219
Community district
Brooklyn 12
Council district
44
Coordinates
40.627097, -73.990025
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