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Manhattan / Chinatown-Two Bridges / 10002

197 MADISON STREET

Boro1
Block273
Lot20
BBL1002730020
Class C7
Residential units
20
Units in total
25
Storeys
6
Year built
1901
Last alteration on file
-
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
3 Aug 2017$9,200,000-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 2,115 SQ FT6
Drawn from PLUTO: 6 storeys, 11,321 sq ft of building on 2,115 sq ft of lot, an average floor plate covering 89% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
2,115 sq ft
Building area
11,321 sq ft
Residential area
9,330 sq ft
Commercial area
1,991 sq ft
Office area
-
Retail area
1,991 sq ft
Buildings on the lot
1
Built floor area ratio
5.35
Residential FAR permitted
3.44
Zoning district
R7-2
03

Assessment

Assessed land value
$94,500
Assessed total value
$2,183,400
Exempt value
$0
Assessed per residential unit
$109,170

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
Chinatown-Two Bridges
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.712762, -73.99029
05

Other buildings in Chinatown-Two Bridges

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
225 CHERRY STREETRM1,0212015640$1.97m
265 CHERRY STREETD649019792-
185 PARK ROWD44201960262$718k
275 SOUTH STREETD625619784-
196 PARK ROWD42501965148$870k
82 RUTGERS SLIPD919819952-
2 ELIZABETH STREETR41671985111$685k
80 RUTGERS SLIPD910919871-
45 ALLEN STREETD310419730-
10 RUTGERS STREETD78320011-
148 MADISON STREETRM802002116$534k
59 HENRY STREETD68020210-

Every building on file in Chinatown-Two Bridges