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Brooklyn / Prospect Heights / 11238

296 STERLING PLACE

Boro3
Block1170
Lot29
BBL3011700029
Class D4
Residential units
22
Units in total
22
Storeys
6
Year built
1910
Last alteration on file
1989
Recorded transfers
25 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
8 Jul 2021$1,450,00012SINGLE RESIDENTIAL COOP UNITRPTT&RET
3 Mar 2021$690,0005SINGLE RESIDENTIAL COOP UNITRPTT&RET
26 Feb 2021$1,450,0008SINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Jun 2020$525,0003SINGLE RESIDENTIAL COOP UNITRPTT&RET
10 Jun 2019$534,0005SINGLE RESIDENTIAL COOP UNITRPTT&RET
16 May 2019$1,950,00017SINGLE RESIDENTIAL COOP UNITRPTT&RET
14 Sep 2017$545,0002ASINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Jun 2016$1,279,94016SINGLE RESIDENTIAL COOP UNITRPTT&RET
8 Feb 2016$585,0003ASINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Mar 2015$1,300,00015SINGLE RESIDENTIAL COOP UNITRPTT&RET
21 Oct 2013$449,0005BSINGLE RESIDENTIAL COOP UNITRPTT&RET
25 Jul 2013$1,300,0008SINGLE RESIDENTIAL COOP UNITRPTT&RET
2 Jun 2011$350,0003SINGLE RESIDENTIAL COOP UNITRPTT&RET
3 Mar 2011$832,00012SINGLE RESIDENTIAL COOP UNITRPTT&RET
25 Jan 2010$350,0005BSINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Oct 2009$408,9502-ASINGLE RESIDENTIAL COOP UNITRPTT&RET
22 Oct 2009$800,00019SINGLE RESIDENTIAL COOP UNITRPTT&RET
6 Nov 2007$749,0008SINGLE RESIDENTIAL COOP UNITRPTT&RET
26 Feb 2007$385,0003ASINGLE RESIDENTIAL COOP UNITRPTT&RET
25 Jan 2007$322,0003SINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Feb 2006$275,00018SINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Jun 2005$700,00012SINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Feb 2005$701,50015SINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Jul 2004$635,00010SINGLE RESIDENTIAL COOP UNITRPTT
16 Jun 2004$290,0005BSINGLE RESIDENTIAL COOP UNITRPTT&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.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20213$1,450,000$690,000$1,450,000
20201$525,000--
20192$1,242,000$534,000$1,950,000
20171$545,000--
20162$932,470$585,000$1,279,940
20151$1,300,000--
20132$874,500$449,000$1,300,000
20112$591,000$350,000$832,000
20101$350,000--
20092$604,475$408,950$800,000
20073$385,000$322,000$749,000
20061$275,000--
20052$700,750$700,000$701,500
20042$462,500$290,000$635,000
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 6,871 SQ FT6
Drawn from PLUTO: 6 storeys, 29,724 sq ft of building on 6,871 sq ft of lot, an average floor plate covering 72% of it. The dashed outline is the difference between the floor area ratio already built (4.33) 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
6,871 sq ft
Building area
29,724 sq ft
Residential area
29,724 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.33
Residential FAR permitted
6.02
Zoning district
R8X
03

Assessment

Assessed land value
$170,100
Assessed total value
$2,796,750
Exempt value
$61,860
Assessed per residential unit
$127,125

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
D4ELEVATOR COOPERATIVE
Neighbourhood
Prospect Heights
ZIP code
11238
Community district
Brooklyn 8
Council district
35
Coordinates
40.675418, -73.968084
05

Other buildings in Prospect Heights

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
595 DEAN STREETRM79820210-
662 PACIFIC STREETRM31220190-
535 CARLTON AVENUERM29720151-
550 VANDERBILT AVENUERM2782015363$1.11m
870 ATLANTIC AVED718920240-
135 EASTERN PARKWAYD41861926172$1.92m
700 PACIFIC STREETRM1682002284$1.27m
PACIFIC STREETD611320190-
500 ST JOHNS PLACED111219310-
34 PLAZA ST EASTD4111195699$730k
201 EASTERN PARKWAYD710019240-
1 GRAND ARMY PLAZARM942006176$1.88m

Every building on file in Prospect Heights