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Manhattan / Morningside Heights / 10025

40 MORNINGSIDE DRIVE

Boro1
Block1865
Lot20
BBL1018650020
Class D1
Residential units
430
Units in total
430
Storeys
15
Year built
2014
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
16 Aug 2019$57,000,000-APARTMENT 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

LOT 57,849 SQ FT15
Drawn from PLUTO: 15 storeys, 402,727 sq ft of building on 57,849 sq ft of lot, an average floor plate covering 46% of it. PLUTO records 2 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
57,849 sq ft
Building area
402,727 sq ft
Residential area
364,127 sq ft
Commercial area
38,600 sq ft
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
6.96
Residential FAR permitted
3.44
Zoning district
R7-2
03

Assessment

Assessed land value
$3,632,400
Assessed total value
$48,890,700
Exempt value
$45,819,965
Assessed per residential unit
$113,699

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Morningside Heights
ZIP code
10025
Community district
Manhattan 9
Council district
7
Coordinates
40.804191, -73.96143
05

Other buildings in Morningside Heights

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
80 LA SALLE STREETD49821956753$610k
1 MORNINGSIDE DRIVED929520081-
88 MORNINGSIDE DRIVED928519251-
2891 BROADWAYD725019110-
517 WEST 121 STREETD324120040-
30 MORNINGSIDE DRIVED320619540-
100 CLAREMONT AVERM1941926137$1.86m
543 WEST 122ND STREETR41832018178$1.88m
564 RIVERSIDE DRIVED318219640-
425 RIVERSIDE DRIVED317819240-
167 CLAREMONT AVENUED315919610-
2849 BROADWAYRM151192658$1.73m

Every building on file in Morningside Heights