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Brooklyn / East New York (North) / 11208

385 CLEVELAND STREET

Boro3
Block3985
Lot5
BBL3039850005
Class C1
Residential units
24
Units in total
24
Storeys
3
Year built
1998
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$2,321,406-APARTMENT BUILDINGRPTT&RET
27 Dec 2013$2,321,406-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

PERMITTED, NOT BUILTLOT 25,975 SQ FT3
Drawn from PLUTO: 3 storeys, 23,760 sq ft of building on 25,975 sq ft of lot, an average floor plate covering 30% of it. The dashed outline is the difference between the floor area ratio already built (0.91) and the residential floor area ratio of the zoning district (1.5). It is a diagram of recorded figures, not a picture of the building.
Lot area
25,975 sq ft
Building area
23,760 sq ft
Residential area
23,760 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
0.91
Residential FAR permitted
1.5
Zoning district
R5B
03

Assessment

Assessed land value
$292,050
Assessed total value
$1,055,250
Exempt value
$1,055,250
Assessed per residential unit
$43,969

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 (North)
ZIP code
11208
Community district
Brooklyn 5
Council district
37
Coordinates
40.675408, -73.884193
05

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2060 PITKIN AVENUED316819723-
2753 ATLANTIC AVENUED715020250-
330 HINSDALE STREETRM15019910-
355 SHEPHERD AVENUED112520230-

Every building on file in East New York (North)