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Manhattan / Chinatown-Two Bridges / 10002

221 MADISON STREET

Boro1
Block271
Lot44
BBL1002710044
Class C7
Residential units
20
Units in total
22
Storeys
5
Year built
1920
Last alteration on file
1988
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
13 Jan 2022$3,430,000-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 2,612 SQ FT5
Drawn from PLUTO: 5 storeys, 11,430 sq ft of building on 2,612 sq ft of lot, an average floor plate covering 88% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
2,612 sq ft
Building area
11,430 sq ft
Residential area
10,230 sq ft
Commercial area
1,200 sq ft
Office area
-
Retail area
1,200 sq ft
Buildings on the lot
1
Built floor area ratio
4.38
Residential FAR permitted
3.44
Zoning district
R7-2
03

Assessment

Assessed land value
$108,000
Assessed total value
$741,150
Exempt value
$0
Assessed per residential unit
$37,058

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
40.712981, -73.988865
05

Other buildings in Chinatown-Two Bridges

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
225 CHERRY STREETRM1,0212015640$1.97m
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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