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Manhattan / Midtown South-Flatiron-Union Square / 10011

27 WEST 16 STREET

Boro1
Block818
Lot19
BBL1008180019
Class D5Ladies' Mile Historic District
Residential units
63
Units in total
63
Storeys
7
Year built
1851
Last alteration on file
1986
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
1 Aug 2006$22,000,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 9,200 SQ FT7
Drawn from PLUTO: 7 storeys, 41,300 sq ft of building on 9,200 sq ft of lot, an average floor plate covering 64% of it. The dashed outline is the difference between the floor area ratio already built (4.49) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
9,200 sq ft
Building area
41,300 sq ft
Residential area
41,300 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.49
Residential FAR permitted
6.02
Zoning district
C6-2M
03

Assessment

Assessed land value
$1,764,000
Assessed total value
$7,435,800
Exempt value
$0
Assessed per residential unit
$118,029

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
D5ELEVATOR APT; CONVERTED
Neighbourhood
Midtown South-Flatiron-Union Square
ZIP code
10011
Community district
Manhattan 5
Council district
3
Coordinates
40.738387, -73.994374
05

Other buildings in Midtown South-Flatiron-Union Square

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
7 EAST 14 STREETD44951965489$800k
6 WEST 16 STREETD44811964464$847k
241 WEST 28 STREETD648020211-
132 WEST 32 STREETRM45820051-
56 WEST 23 STREETD643120000-
7 WEST 14 STREETD44301964418$885k
5 EAST 22 STREETRM4231985418$1.58m
10 EAST 28 STREETD641619121-
55 WEST 25 STREETD640720050-
7 EAST 28 STREETD840419981-
776 AVENUE OF THE AMERICASD838720001-
855 AVENUE OF THE AMERICASRM38220140-

Every building on file in Midtown South-Flatiron-Union Square