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Manhattan / Midtown South-Flatiron-Union Square / 10010

172 5 AVENUE

Boro1
Block824
Lot36
BBL1008240036
Class D7Ladies' Mile Historic District
Residential units
25
Units in total
26
Storeys
6
Year built
1930
Last alteration on file
1989
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
27 Aug 2014$24,726,000-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 2,375 SQ FT6
Drawn from PLUTO: 6 storeys, 13,060 sq ft of building on 2,375 sq ft of lot, an average floor plate covering 92% of it. The dashed outline is the difference between the floor area ratio already built (5.5) and the residential floor area ratio of the zoning district (10). It is a diagram of recorded figures, not a picture of the building.
Lot area
2,375 sq ft
Building area
13,060 sq ft
Residential area
11,277 sq ft
Commercial area
1,783 sq ft
Office area
-
Retail area
1,783 sq ft
Buildings on the lot
1
Built floor area ratio
5.5
Residential FAR permitted
10
Zoning district
C6-4M
03

Assessment

Assessed land value
$481,500
Assessed total value
$3,859,200
Exempt value
$0
Assessed per residential unit
$154,368

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
Midtown South-Flatiron-Union Square
ZIP code
10010
Community district
Manhattan 5
Council district
3
Coordinates
40.741104, -73.990311
05

Other buildings in Midtown South-Flatiron-Union Square

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
7 EAST 14 STREETD44951965489$800k
6 WEST 16 STREETD44811964464$847k
241 WEST 28 STREETD648020211-
132 WEST 32 STREETRM45820051-
56 WEST 23 STREETD643120000-
7 WEST 14 STREETD44301964418$885k
5 EAST 22 STREETRM4231985418$1.58m
10 EAST 28 STREETD641619121-
55 WEST 25 STREETD640720050-
7 EAST 28 STREETD840419981-
776 AVENUE OF THE AMERICASD838720001-
855 AVENUE OF THE AMERICASRM38220140-

Every building on file in Midtown South-Flatiron-Union Square