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Manhattan / Hell's Kitchen / 10036

312 WEST 48 STREET

Boro1
Block1038
Lot39
BBL1010380039
Class C1
Residential units
35
Units in total
35
Storeys
6
Year built
1920
Last alteration on file
1986
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
3 Oct 2022$113,400,000-APARTMENT BUILDINGRPTT&RET
1 Oct 2022$52,725,000-APARTMENT BUILDINGRPTT&RET
20 Jan 2015$1,768,500-APARTMENT BUILDINGDEED
18 Apr 2007$7,700,000-APARTMENT 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
20222$83,062,500$52,725,000$113,400,000
20151$1,768,500--
20071$7,700,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 5,021 SQ FT6
Drawn from PLUTO: 6 storeys, 21,270 sq ft of building on 5,021 sq ft of lot, an average floor plate covering 71% of it. The dashed outline is the difference between the floor area ratio already built (4.24) 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
5,021 sq ft
Building area
21,270 sq ft
Residential area
21,270 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.24
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$486,000
Assessed total value
$3,384,000
Exempt value
$0
Assessed per residential unit
$96,686

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
Hell's Kitchen
ZIP code
10036
Community district
Manhattan 4
Council district
3
Coordinates
40.761149, -73.987868
05

Other buildings in Hell's Kitchen

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
605 WEST 42 STREETRM1,16620081-
827 11 AVENUED71,02820150-
560 10 AVENUERM814200861$2.24m
625 WEST 57 STREETRM70920130-
550 WEST 45 STREETRM69920110-
350 WEST 50 STREETRM65419891,184$760k
601 WEST 57 STREETD659720030-
322 WEST 57 STREETRM5831978879$1.40m
340 WEST 57 STREETRM5761904646$930k
350 WEST 42 STREETRM55120041,251$1.15m
475 WEST 40TH STREETRM45320230-
555 WEST 42 STREETD841819871-

Every building on file in Hell's Kitchen