Manhattan / Washington Heights (North) / 10040
40 SHERMAN AVENUE
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.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 28 Jul 2015 | $7,425,000 | - | APARTMENT BUILDING | DEED |
| 27 Aug 2012 | $2,508,508 | - | APARTMENT BUILDING | RPTT&RET |
| 11 Oct 2007 | $5,717,585 | - | APARTMENT BUILDING | DEED |
| 9 Sep 2005 | $3,900,000 | - | APARTMENT BUILDING | DEED |
| 26 Mar 2003 | $2,700,000 | - | APARTMENT BUILDING | DEEDO |
- DEED
- DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
- 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.
- DEEDO
- DEED, OTHER. A conveyance the Register files under its other-deed category.
By year
| Year | Transfers | Median recorded | Lowest | Highest |
|---|---|---|---|---|
| 2015 | 1 | $7,425,000 | - | - |
| 2012 | 1 | $2,508,508 | - | - |
| 2007 | 1 | $5,717,585 | - | - |
| 2005 | 1 | $3,900,000 | - | - |
| 2003 | 1 | $2,700,000 | - | - |
The building on the lot
Section through the lot
Assessment
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.
Classification and location
Other buildings in Washington Heights (North)
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 120 CABRINI BOULEVARD | D4 | 594 | 1939 | 478 | $695k |
| 116 PINEHURST AVENUE | D4 | 353 | 1925 | 314 | $674k |
| 4523 BROADWAY | D4 | 350 | 1951 | 481 | $395k |
| 4650 BROADWAY | RM | 222 | 2023 | 0 | - |
| 45 FAIRVIEW AVENUE | D4 | 218 | 1963 | 0 | - |
| 900 WEST 190 STREET | D4 | 218 | 1954 | 223 | $693k |
| 99 HILLSIDE AVENUE | D4 | 205 | 1959 | 0 | - |
| 17 FT GEORGE HILL | D4 | 204 | 1961 | 0 | - |
| 330 HAVEN AVENUE | D4 | 192 | 1951 | 237 | $407k |
| 64 HILLSIDE AVENUE | D1 | 185 | 1928 | 6 | - |
| 100 OVERLOOK TERRACE | D4 | 171 | 1963 | 154 | $482k |
| 11 FT GEORGE HILL | D4 | 169 | 1963 | 0 | - |