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

1944 LORING PLACE SOUTH

Boro2
Block3221
Lot24
BBL2032210024
Class D1
Residential units
27
Units in total
27
Storeys
5
Year built
1922
Last alteration on file
1999
Recorded transfers
5 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
6 Dec 2019$60,0004DSINGLE RESIDENTIAL COOP UNITRPTT&RET
14 Oct 2016$65,9101AAPARTMENT BUILDINGRPTT
20 Feb 2015$60,0001ASINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Jan 2014$38,0004BSINGLE RESIDENTIAL COOP UNITRPTT&RET
12 Mar 2013$30,4203ESINGLE RESIDENTIAL COOP UNITRPTT&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.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20191$60,000--
20161$65,910--
20151$60,000--
20141$38,000--
20131$30,420--
02

The building on the lot

Section through the lot

LOT 7,609 SQ FT5
Drawn from PLUTO: 5 storeys, 25,065 sq ft of building on 7,609 sq ft of lot, an average floor plate covering 66% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
7,609 sq ft
Building area
25,065 sq ft
Residential area
25,065 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.29
Residential FAR permitted
1.5
Zoning district
R5
03

Assessment

Assessed land value
$51,300
Assessed total value
$914,400
Exempt value
$533,889
Assessed per residential unit
$33,867

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
University Heights (South)-Morris Heights
ZIP code
10453
Community district
The Bronx 5
Council district
14
Coordinates
40.855289, -73.913999
05

Other buildings in University Heights (South)-Morris Heights

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1531 UNIVERSITY AVENUED35,50219500-
1600 SEDGWICK AVENUED776619726-
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-

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