Manhattan / Stuyvesant Town-Peter Cooper Village / 10009
240 1 AVENUE
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.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 7 Jan 2020 | $600,000 | 9G | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
| 18 Dec 2015 | $4,111,111,766 | - | APARTMENT BUILDING | DEED |
| 3 Jun 2014 | $3,330,132,711 | - | APARTMENT BUILDING89 lots | DEED |
| 17 Nov 2006 | $4,040,527,000 | - | APARTMENT BUILDING89 lots | DEED |
- 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.
- DEED
- DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
By year
| Year | Transfers | Median recorded | Lowest | Highest |
|---|---|---|---|---|
| 2020 | 1 | $600,000 | - | - |
| 2015 | 1 | $4,111,111,766 | - | - |
| 2014 | 1 | $3,330,132,711 | - | - |
| 2006 | 1 | $4,040,527,000 | - | - |
The building on the lot
Section through the lot
Assessment
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.