318 CHERRY STREET

Boro1

Block258

Lot1

BBL1002580001

Class D3

Residential units

492

Units in total

492

Storeys

Year built

1955

Last alteration on file

Recorded transfers

None

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

The building on the lot

Section through the lot

Drawn from PLUTO: 16 storeys, 431,685 sq ft of building on 176,820 sq ft of lot, an average floor plate covering 15% of it. PLUTO records 4 buildings on this lot, so the mass drawn is their combined floor area. The dashed outline is the difference between the floor area ratio already built (2.44) and the residential floor area ratio of the zoning district (3.44). It is a diagram of recorded figures, not a picture of the building.

Lot area

176,820 sq ft

Building area

431,685 sq ft

Residential area

431,685 sq ft

Commercial area

Office area

Retail area

Buildings on the lot

Built floor area ratio

2.44

Residential FAR permitted

3.44

Zoning district

R7-2

Assessment

Assessed land value

$5,171,850

Assessed total value

$22,217,400

Exempt value

$22,217,400

Assessed per residential unit

$45,157

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.

Classification and location

Building class

D3ELEVATOR APT; FIREPROOF WITHOUT STORES

Neighbourhood

ZIP code

10002

Community district

Manhattan 3

Council district

Coordinates

40.712303, -73.985911

Other buildings in ZIP 10002

Address	Class	Res. units	Built	Transfers	Median apartment, 5 yr
288 DELANCEY STREET	D3	2,391	1962	0	-
87 DELANCEY STREET	D4	1,099	1966	0	-
225 CHERRY STREET	RM	1,021	2015	640	$1.97m
409 GRAND STREET	D4	880	1960	621	$860k
357 GRAND STREET	D4	866	1960	608	$890k
570 GRAND STREET	D4	839	1955	563	$740k
453 FDR DRIVE	D4	833	1955	552	$728k
636 WATER STREET	D9	813	1940	0	-
45 PIKE STREET	D6	721	1963	1	-
60 PITT STREET	D6	711	1962	0	-
300 CHERRY STREET	D6	610	1954	0	-
530 GRAND STREET	D4	525	1949	398	$690k

Every building on file in ZIP 10002