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Brooklyn / Coney Island-Sea Gate / 11224

3521 NEPTUNE AVENUE

Boro3
Block6979
Lot100
BBL3069790100
Class D6
Residential units
334
Units in total
335
Storeys
24
Year built
1974
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
11 Jun 2015$66,035,378334APARTMENT 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

PERMITTED, NOT BUILTLOT 165,454 SQ FT24
Drawn from PLUTO: 24 storeys, 366,000 sq ft of building on 165,454 sq ft of lot, an average floor plate covering 9% of it. PLUTO records 2 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 (2.21) and the residential floor area ratio of the zoning district (2.43). It is a diagram of recorded figures, not a picture of the building.
Lot area
165,454 sq ft
Building area
366,000 sq ft
Residential area
331,510 sq ft
Commercial area
34,490 sq ft
Office area
-
Retail area
34,490 sq ft
Buildings on the lot
2
Built floor area ratio
2.21
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$1,326,600
Assessed total value
$17,340,300
Exempt value
$17,340,300
Assessed per residential unit
$51,917

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
D6ELEVATOR APT; FIREPROOF WITH STORES
Neighbourhood
Coney Island-Sea Gate
ZIP code
11224
Community district
Brooklyn 13
Council district
47
Coordinates
40.577922, -74.001166
05

Other buildings in Coney Island-Sea Gate

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
2885 WEST 12 STREETD41,57819600-
501 SURF AVENUERM7351964580$590k
2928 WEST 5 STREETD45721964438$371k
2940 WEST 5 STREETD45721964434$350k
440 NEPTUNE AVENUED45721964308$430k
460 NEPTUNE AVENUED45721964300$400k
2915 WEST 5 STREETD45281964260$378k
486 NEPTUNE AVENUERM49919640-
1912 MERMAID AVENUERM44520190-
2940 OCEAN PARKWAYD744119641-
3000 OCEAN PARKWAYD344119641-
1 OCEAN DRIVERM42520180-

Every building on file in Coney Island-Sea Gate