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Manhattan / Lower East Side / 10002

199 BROOME STREET

Recorded on the Digital Tax Map as THE SUFFOLK STREET CONDOMINIUM.

Boro1
Block346
Lot7505
BBL1003467505
Class RM
Residential units
379
Units in total
381
Storeys
32
Year built
2021
Last alteration on file
2021
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
9 May 2024$171,420,6751BULK SALE OF CONDOMINIUMS2 lotsRPTT&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.
02

The building on the lot

Section through the lot

LOT 25,792 SQ FT32
Drawn from PLUTO: 32 storeys, 308,802 sq ft of building on 25,792 sq ft of lot, an average floor plate covering 37% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
25,792 sq ft
Building area
308,802 sq ft
Residential area
248,103 sq ft
Commercial area
60,699 sq ft
Office area
-
Retail area
60,699 sq ft
Buildings on the lot
1
Built floor area ratio
11.97
Residential FAR permitted
9
Zoning district
R9-1
03

Assessment

Assessed land value
$1,411,527
Assessed total value
$71,361,328
Exempt value
$62,338,778
Assessed per residential unit
$188,288

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
RM
Neighbourhood
Lower East Side
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.716953, -73.987497

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Lower East Side

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
409 GRAND STREETD48801960621$860k
357 GRAND STREETD48661960608$890k
570 GRAND STREETD48391955563$740k
453 FDR DRIVED48331955552$728k
530 GRAND STREETD45251949398$690k
CLINTON STREETD640019720-
95 EAST HOUSTON STREETRM36120031-
133 PITT STREETD926320101-
180 BROOME STREETRM26320180-
500 GRAND STREETD42581949174$663k
207 EAST HOUSTON STREETD824320061-
504 GRAND STREETD42371929177$689k

Every building on file in Lower East Side