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Manhattan / Gramercy / 10010

401 1 AVENUE

Boro1
Block929
Lot1
BBL1009290001
Class D4
Residential units
510
Units in total
522
Storeys
27
Year built
1970
Last alteration on file
-
Recorded transfers
3 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
5 Oct 2021$1,760,0002WSINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Jul 2012$430,0006JSINGLE RESIDENTIAL COOP UNITRPTT&RET
10 Aug 2009$350,0009BSINGLE RESIDENTIAL COOP UNITRPTT&RET
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.

By year

YearTransfersMedian recordedLowestHighest
20211$1,760,000--
20121$430,000--
20091$350,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 104,861 SQ FT27
Drawn from PLUTO: 27 storeys, 927,591 sq ft of building on 104,861 sq ft of lot, an average floor plate covering 33% of it. PLUTO records 5 buildings on this lot, so the mass drawn is their combined floor area. The dashed outline is the difference between the floor area ratio already built (8.85) and the residential floor area ratio of the zoning district (10). It is a diagram of recorded figures, not a picture of the building.
Lot area
104,861 sq ft
Building area
927,591 sq ft
Residential area
773,357 sq ft
Commercial area
154,234 sq ft
Office area
-
Retail area
40,140 sq ft
Buildings on the lot
5
Built floor area ratio
8.85
Residential FAR permitted
10
Zoning district
C1-9A
03

Assessment

Assessed land value
$10,617,300
Assessed total value
$98,650,350
Exempt value
$98,650,350
Assessed per residential unit
$193,432

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
D4ELEVATOR COOPERATIVE
Neighbourhood
Gramercy
ZIP code
10010
Community district
Manhattan 6
Council district
2
Coordinates
40.737749, -73.979554
05

Other buildings in Gramercy

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
10 UNION SQUARE EASTRM6451988570$1.21m
381 2 AVENUERX3391931349$695k
143 EAST 23 STREETD632619281-
205 3 AVENUED43261964389$715k
329 2 AVENUED629219633-
130 EAST 18 STREETD42711962236$735k
195 3 AVENUED42701973251$950k
267 3 AVENUED42641962270$723k
382 2 AVENUED42621965232$575k
145 EAST 15 STREETD42481959244$710k
166 3 AVENUED623119630-
230 EAST 20 STREETR42231920216$3.04m

Every building on file in Gramercy