Manhattan / East Midtown-Turtle Bay / 10022
240 EAST 59 STREET
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 |
|---|---|---|---|---|
| 27 Jun 2019 | $33,324,165 | - | APARTMENT BUILDING | RPTT&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.
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.
Classification and location
Other buildings in East Midtown-Turtle Bay
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 400 EAST 56 STREET | D4 | 629 | 1969 | 580 | $835k |
| 245 EAST 54 STREET | D4 | 444 | 1977 | 574 | $630k |
| 984 1 AVENUE | D7 | 397 | 1930 | 0 | - |
| 420 EAST 54 STREET | D7 | 394 | 1982 | 1 | - |
| 1084 2 AVENUE | D4 | 371 | 1968 | 432 | $438k |
| 300 EAST 56 STREET | D6 | 369 | 1975 | 1 | - |
| 60 SUTTON PLACE SOUTH | D4 | 367 | 1951 | 382 | $775k |
| 845 UNITED NATIONS PLAZA | RM | 362 | 2000 | 508 | $2.25m |
| 150 EAST 44 STREET | D8 | 360 | 2000 | 0 | - |
| 300 EAST 54 STREET | D4 | 360 | 1977 | 295 | $808k |
| 425 EAST 58 STREET | D4 | 348 | 1975 | 265 | $1.69m |
| 305 EAST 45 STREET | D4 | 338 | 1929 | 443 | $758k |