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Brooklyn / Williamsburg / 11211

386 SOUTH 5 STREET

Boro3
Block2463
Lot21
BBL3024630021
Class C7
Residential units
35
Units in total
36
Storeys
6
Year built
1913
Last alteration on file
1990
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
26 Aug 2019$5,400,000-APARTMENT BUILDINGDEED
26 Feb 2008$4,654,62433APARTMENT BUILDINGDEED
4 Jun 2003$3,110,00033APARTMENT BUILDINGDEEDO
4 Jun 2003$3,110,00033APARTMENT BUILDINGDEEDO
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.

By year

YearTransfersMedian recordedLowestHighest
20191$5,400,000--
20081$4,654,624--
20032$3,110,000$3,110,000$3,110,000
02

The building on the lot

Section through the lot

LOT 5,000 SQ FT6
Drawn from PLUTO: 6 storeys, 27,000 sq ft of building on 5,000 sq ft of lot, an average floor plate covering 90% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
5,000 sq ft
Building area
27,000 sq ft
Residential area
24,500 sq ft
Commercial area
2,500 sq ft
Office area
-
Retail area
2,500 sq ft
Buildings on the lot
1
Built floor area ratio
5.4
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$113,850
Assessed total value
$1,357,200
Exempt value
$1,357,200
Assessed per residential unit
$38,777

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
C7WALK-UP APT. OVER SIX FAMILIES WITH STORES
Neighbourhood
Williamsburg
ZIP code
11211
Community district
Brooklyn 1
Council district
34
Coordinates
40.707612, -73.953911
05

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Every building on file in Williamsburg