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Manhattan / Chelsea-Hudson Yards / 10011

225 8 AVENUE

Boro1
Block745
Lot7503
BBL1007457503
Class RM
Residential units
70
Units in total
71
Storeys
14
Year built
1998
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
25 Sep 2015$750,0003RSINGLE 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.
02

The building on the lot

Section through the lot

LOT 11,225 SQ FT14
Drawn from PLUTO: 14 storeys, 76,600 sq ft of building on 11,225 sq ft of lot, an average floor plate covering 49% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
11,225 sq ft
Building area
76,600 sq ft
Residential area
66,668 sq ft
Commercial area
9,932 sq ft
Office area
9,932 sq ft
Retail area
-
Buildings on the lot
1
Built floor area ratio
6.82
Residential FAR permitted
4
Zoning district
C1-6A
03

Assessment

Assessed land value
$1,470,600
Assessed total value
$14,088,600
Exempt value
$0
Assessed per residential unit
$201,266

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
Chelsea-Hudson Yards
ZIP code
10011
Community district
Manhattan 4
Council district
3
Coordinates
40.744418, -73.999534

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 Chelsea-Hudson Yards

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
345 8TH AVENUED41,1341960475$131k
311 11TH AVENUED793820200-
415 WEST 23 STREETD990119345$1.97m
371 9 AVENUERM84420150-
311 WEST 24 STREETD47561963350$130k
539 WEST 28 STREETD871020130-
551 10 AVENUERM59820131-
476 11 AVENUED759020200-
320 WEST 38 STREETD856920070-
305 9 AVENUED45601963138$130k
505 WEST 35TH STREETRM53220200-
450 WEST 17 STREETRM4692006382$1.75m

Every building on file in Chelsea-Hudson Yards