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Manhattan / Midtown-Times Square / 10019

245 WEST 51 STREET

Boro1
Block1023
Lot6
BBL1010230006
Class D7
Residential units
65
Units in total
67
Storeys
9
Year built
1912
Last alteration on file
1980
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
9 Nov 2004$16,300,000-APARTMENT BUILDINGDEEDO
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 8,284 SQ FT9
Drawn from PLUTO: 9 storeys, 48,368 sq ft of building on 8,284 sq ft of lot, an average floor plate covering 65% of it. The dashed outline is the difference between the floor area ratio already built (5.84) and the residential floor area ratio of the zoning district (10). It is a diagram of recorded figures, not a picture of the building.
Lot area
8,284 sq ft
Building area
48,368 sq ft
Residential area
47,368 sq ft
Commercial area
1,000 sq ft
Office area
-
Retail area
1,000 sq ft
Buildings on the lot
1
Built floor area ratio
5.84
Residential FAR permitted
10
Zoning district
C6-5
03

Assessment

Assessed land value
$1,363,500
Assessed total value
$8,284,950
Exempt value
$0
Assessed per residential unit
$127,461

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
Midtown-Times Square
ZIP code
10019
Community district
Manhattan 5
Council district
3
Coordinates
40.762823, -73.984835
05

Other buildings in Midtown-Times Square

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1752 BROADWAYD6396197915-
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870 8 AVENUED638119650-
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66 WEST 38 STREETRM37420010-

Every building on file in Midtown-Times Square