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Brooklyn / Brownsville / 11212

240 LOTT AVENUE

Boro3
Block3628
Lot1
BBL3036280001
Class D7
Residential units
385
Units in total
386
Storeys
6
Year built
1969
Last alteration on file
-
Recorded transfers
2 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
30 Jun 2026$50,000-APARTMENT BUILDINGRPTT&RET
20 Jun 2007$23,311,953-APARTMENT BUILDINGDEEDO
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.
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.

By year

YearTransfersMedian recordedLowestHighest
20261$50,000--
20071$23,311,953--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 171,582 SQ FT6
Drawn from PLUTO: 6 storeys, 362,533 sq ft of building on 171,582 sq ft of lot, an average floor plate covering 35% of it. PLUTO records 3 buildings on this lot, so the mass drawn is their combined floor area. The dashed outline is the difference between the floor area ratio already built (2.11) and the residential floor area ratio of the zoning district (2.43). It is a diagram of recorded figures, not a picture of the building.
Lot area
171,582 sq ft
Building area
362,533 sq ft
Residential area
356,238 sq ft
Commercial area
6,295 sq ft
Office area
-
Retail area
6,295 sq ft
Buildings on the lot
3
Built floor area ratio
2.11
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$814,500
Assessed total value
$11,501,100
Exempt value
$11,501,100
Assessed per residential unit
$29,873

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
D7ELEVATOR APT; SEMI-FIREPROOF WITH STORES
Neighbourhood
Brownsville
ZIP code
11212
Community district
Brooklyn 16
Council district
42
Coordinates
40.657679, -73.904612
05

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Every building on file in Brownsville