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Brooklyn / Sunset Park (West) / 11232

4018 5 AVENUE

Boro3
Block714
Lot44
BBL3007140044
Class C7
Residential units
28
Units in total
32
Storeys
4
Year built
1906
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
6 Sep 2006$3,400,000-APARTMENT BUILDINGRPTT&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.
02

The building on the lot

Section through the lot

LOT 9,069 SQ FT4
Drawn from PLUTO: 4 storeys, 24,620 sq ft of building on 9,069 sq ft of lot, an average floor plate covering 68% 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
9,069 sq ft
Building area
24,620 sq ft
Residential area
20,620 sq ft
Commercial area
4,000 sq ft
Office area
-
Retail area
4,000 sq ft
Buildings on the lot
2
Built floor area ratio
2.71
Residential FAR permitted
3
Zoning district
R6A
03

Assessment

Assessed land value
$187,650
Assessed total value
$936,900
Exempt value
$0
Assessed per residential unit
$33,461

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
Sunset Park (West)
ZIP code
11232
Community district
Brooklyn 7
Council district
38
Coordinates
40.650461, -74.005164
05

Other buildings in Sunset Park (West)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
737 4TH AVENUED618720240-
725 4 AVENUEC716419280-
867 4 AVENUED315020200-
635 4 AVENUED79120160-
691 4 AVENUED68420250-
405 44 STREETD98020072-
181 18TH STREETRM73201885$873k
4112 4 AVENUEC75719282-
6020 3RD AVENUED65320210-
4919 4 AVENUED75120250-
5108 4TH AVENUERM5020190-
417 40 STREETC14919381-

Every building on file in Sunset Park (West)