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Manhattan / Midtown-Times Square / 10016

40 PARK AVENUE

Boro1
Block866
Lot35
BBL1008660035
Class D6
Residential units
153
Units in total
160
Storeys
19
Year built
1950
Last alteration on file
-
Recorded transfers
None
01

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.

02

The building on the lot

Section through the lot

LOT 12,050 SQ FT19
Drawn from PLUTO: 19 storeys, 153,398 sq ft of building on 12,050 sq ft of lot, an average floor plate covering 67% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
12,050 sq ft
Building area
153,398 sq ft
Residential area
147,923 sq ft
Commercial area
5,475 sq ft
Office area
5,475 sq ft
Retail area
-
Buildings on the lot
1
Built floor area ratio
12.73
Residential FAR permitted
10
Zoning district
R10
03

Assessment

Assessed land value
$1,764,000
Assessed total value
$16,600,050
Exempt value
$0
Assessed per residential unit
$108,497

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
Midtown-Times Square
ZIP code
10016
Community district
Manhattan 6
Council district
4
Coordinates
40.748725, -73.980735
05

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Every building on file in Midtown-Times Square