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Brooklyn / 11225

307 STERLING STREET

Boro3
Block1316
Lot1
BBL3013160001
Class D7
Residential units
66
Units in total
71
Storeys
6
Year built
1926
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
24 Nov 2008$3,750,000-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

LOT 12,000 SQ FT6
Drawn from PLUTO: 6 storeys, 66,000 sq ft of building on 12,000 sq ft of lot, an average floor plate covering 92% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
12,000 sq ft
Building area
66,000 sq ft
Residential area
62,000 sq ft
Commercial area
4,000 sq ft
Office area
-
Retail area
4,000 sq ft
Buildings on the lot
1
Built floor area ratio
5.5
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$99,000
Assessed total value
$1,683,000
Exempt value
$0
Assessed per residential unit
$25,500

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
-
ZIP code
11225
Community district
Brooklyn 9
Council district
40
Coordinates
40.663379, -73.950557
05

Other buildings in ZIP 11225

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1720 BEDFORD AVENUED11,32119600-
54 CROWN STREETD656920240-
1089 PRESIDENT STREETRM41520190-
49 CROWN STREETD332119731-
960 FRANKLIN AVENUED330120250-
590 FLATBUSH AVENUED327219620-
975 NOSTRAND AVENUED626620230-
626 FLATBUSH AVENUED625420140-
1238 PRESIDENT STREETD424119720-
580 FLATBUSH AVENUED322419620-
931 CARROLL STREETD121420240-
446 KINGSTON AVENUED41931928166$310k

Every building on file in ZIP 11225