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Manhattan / Lower East Side / 10002

174 DELANCEY STREET

Boro1
Block348
Lot72
BBL1003480072
Class C7
Residential units
22
Units in total
24
Storeys
5
Year built
1920
Last alteration on file
2011
Recorded transfers
2 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
29 May 2014$7,450,000-APARTMENT BUILDINGDEED
7 Mar 2011$2,500,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20141$7,450,000--
20111$2,500,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 2,500 SQ FT5
Drawn from PLUTO: 5 storeys, 11,261 sq ft of building on 2,500 sq ft of lot, an average floor plate covering 90% of it. PLUTO records 2 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 (4.5) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
2,500 sq ft
Building area
11,261 sq ft
Residential area
9,886 sq ft
Commercial area
1,375 sq ft
Office area
-
Retail area
1,375 sq ft
Buildings on the lot
2
Built floor area ratio
4.5
Residential FAR permitted
6.02
Zoning district
R8A
03

Assessment

Assessed land value
$315,000
Assessed total value
$1,091,700
Exempt value
$0
Assessed per residential unit
$49,623

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
Lower East Side
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.717949, -73.985033
05

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Every building on file in Lower East Side