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The Bronx / University Heights (South)-Morris Heights / 10453

1600 SEDGWICK AVENUE

Boro2
Block2880
Lot29
BBL2028800029
Class D7
Residential units
766
Units in total
768
Storeys
25
Year built
1972
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
19 Mar 2019$83,916,000-APARTMENT BUILDINGRPTT&RET
19 Mar 2019$84,000-APARTMENT BUILDINGRPTT&RET
14 Apr 2016$84,000,000-APARTMENT BUILDINGRPTT&RET
19 Aug 2015$67,432,500-APARTMENT BUILDINGRPTT&RET
25 Jul 2014$53,196,750-APARTMENT BUILDINGRPTT&RET
8 Feb 2013$28,603,000-APARTMENT BUILDINGRPTT
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.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20192$42,000,000$84,000$83,916,000
20161$84,000,000--
20151$67,432,500--
20141$53,196,750--
20131$28,603,000--
02

The building on the lot

Section through the lot

LOT 102,000 SQ FT25
Drawn from PLUTO: 25 storeys, 416,144 sq ft of building on 102,000 sq ft of lot, an average floor plate covering 16% of it. PLUTO records 2 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
102,000 sq ft
Building area
416,144 sq ft
Residential area
345,362 sq ft
Commercial area
70,782 sq ft
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
4.08
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$918,000
Assessed total value
$19,755,450
Exempt value
$19,755,450
Assessed per residential unit
$25,790

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
University Heights (South)-Morris Heights
ZIP code
10453
Community district
The Bronx 5
Council district
14
Coordinates
40.848138, -73.923655
05

Other buildings in University Heights (South)-Morris Heights

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1531 UNIVERSITY AVENUED35,50219500-
GRAND AVENUED132620220-
243 WEST 179 STREETD125519260-
1750 SEDGWICK AVENUED322719740-
1981 SEDGWICK AVENUED122519520-
1769 JEROME AVENUERM17520200-
29 FEATHERBED LANED116020220-
1590 UNDERCLIFF AVENUED915019630-
228 WEST TREMONT AVENUED114819730-
1849 SEDGWICK AVENUED314719630-
1535 UNDERCLIFF AVENUED114619300-
1655 UNDERCLIFF AVENUED312519671-

Every building on file in University Heights (South)-Morris Heights