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Brooklyn / Coney Island-Sea Gate / 11224

2932 WEST 16TH STREET

Recorded on the Digital Tax Map as CONEY ISLAND 2 CONDOMINIUM.

Boro3
Block7062
Lot7501
BBL3070627501
Class RM
Residential units
376
Units in total
379
Storeys
10
Year built
2022
Last alteration on file
-
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
23 Dec 2025$1LIHSINGLE RESIDENTIAL CONDO UNITDEED
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 59,405 SQ FT10
Drawn from PLUTO: 10 storeys, 268,964 sq ft of building on 59,405 sq ft of lot, an average floor plate covering 45% of it. The dashed outline is the difference between the floor area ratio already built (4.53) and the residential floor area ratio of the zoning district (5). It is a diagram of recorded figures, not a picture of the building.
Lot area
59,405 sq ft
Building area
268,964 sq ft
Residential area
250,143 sq ft
Commercial area
18,821 sq ft
Office area
-
Retail area
18,821 sq ft
Buildings on the lot
1
Built floor area ratio
4.53
Residential FAR permitted
5
Zoning district
R7X
03

Assessment

Assessed land value
$1,871,100
Assessed total value
$20,059,921
Exempt value
$10,519,366
Assessed per residential unit
$53,351

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
RM
Neighbourhood
Coney Island-Sea Gate
ZIP code
11224
Community district
Brooklyn 13
Council district
47
Coordinates
40.575846, -73.984082

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Coney Island-Sea Gate

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
2885 WEST 12 STREETD41,57819600-
501 SURF AVENUERM7351964580$590k
2928 WEST 5 STREETD45721964438$371k
2940 WEST 5 STREETD45721964434$350k
440 NEPTUNE AVENUED45721964308$430k
460 NEPTUNE AVENUED45721964300$400k
2915 WEST 5 STREETD45281964260$378k
486 NEPTUNE AVENUERM49919640-
1912 MERMAID AVENUERM44520190-
2940 OCEAN PARKWAYD744119641-
3000 OCEAN PARKWAYD344119641-
1 OCEAN DRIVERM42520180-

Every building on file in Coney Island-Sea Gate