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Brooklyn / East New York-New Lots / 11207

316 NEW LOTS AVENUE

Boro3
Block4296
Lot9
BBL3042960009
Class C1
Residential units
23
Units in total
23
Storeys
3
Year built
1933
Last alteration on file
-
Recorded transfers
2 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 2013$4,121,812-APARTMENT BUILDINGRPTT&RET
27 Dec 2013$4,121,812-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.
02

The building on the lot

Section through the lot

LOT 6,782 SQ FT3
Drawn from PLUTO: 3 storeys, 15,966 sq ft of building on 6,782 sq ft of lot, an average floor plate covering 78% of it. PLUTO records 5 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
6,782 sq ft
Building area
15,966 sq ft
Residential area
13,392 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
5
Built floor area ratio
2.35
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$91,350
Assessed total value
$585,900
Exempt value
$585,900
Assessed per residential unit
$25,474

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
East New York-New Lots
ZIP code
11207
Community district
Brooklyn 5
Council district
42
Coordinates
40.660849, -73.894771
05

Other buildings in East New York-New Lots

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
190 COZINE AVENUERM550-0-
971 JEROME STREETRM540-0-
875 PENNSYLVANIA AVENUED333619660-
910 HEGEMAN AVENUED110519690-
679 VAN SINDEREN AVENUERM10220180-
487 LIVONIA AVENUERM9020170-
494 GEORGIA AVENUERM90-0-
500 LIVONIA AVENUERM9020160-
679 NEW LOTS AVENUERM8720110-
443 ALABAMA AVENUEC18419711-
494 SHEFFIELD AVENUERM8420150-
523 VERMONT STREETD17419300-

Every building on file in East New York-New Lots