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Brooklyn / Prospect Heights / 11238

311 LINCOLN PLACE

Boro3
Block1176
Lot74
BBL3011760074
Class C1
Residential units
31
Units in total
31
Storeys
4
Year built
1923
Last alteration on file
-
Recorded transfers
4 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
27 Dec 2024$224,835,274-APARTMENT BUILDINGRPTT&RET
17 Feb 2015$10,142,274-APARTMENT BUILDINGRPTT&RET
6 Dec 2006$4,000,000-APARTMENT BUILDINGDEED
23 Aug 2004$2,175,00031APARTMENT BUILDINGDEED
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.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20241$224,835,274--
20151$10,142,274--
20061$4,000,000--
20041$2,175,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 9,950 SQ FT4
Drawn from PLUTO: 4 storeys, 26,220 sq ft of building on 9,950 sq ft of lot, an average floor plate covering 66% of it. The dashed outline is the difference between the floor area ratio already built (2.64) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
9,950 sq ft
Building area
26,220 sq ft
Residential area
26,220 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.64
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$79,200
Assessed total value
$2,419,650
Exempt value
$0
Assessed per residential unit
$78,053

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Prospect Heights
ZIP code
11238
Community district
Brooklyn 8
Council district
35
Coordinates
40.673633, -73.965868
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