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Manhattan / Chelsea-Hudson Yards / 10001

407 WEST 25 STREET

Boro1
Block723
Lot15
BBL1007230015
Class D3
Residential units
425
Units in total
425
Storeys
21
Year built
1962
Last alteration on file
1987
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
15 Jul 2013$12,436,324-APARTMENT BUILDINGRPTT
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.
02

The building on the lot

Section through the lot

LOT 74,062 SQ FT21
Drawn from PLUTO: 21 storeys, 567,000 sq ft of building on 74,062 sq ft of lot, an average floor plate covering 36% 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
74,062 sq ft
Building area
567,000 sq ft
Residential area
567,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
7.66
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$4,921,650
Assessed total value
$66,142,350
Exempt value
$66,142,350
Assessed per residential unit
$155,629

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
D3ELEVATOR APT; FIREPROOF WITHOUT STORES
Neighbourhood
Chelsea-Hudson Yards
ZIP code
10001
Community district
Manhattan 4
Council district
3
Coordinates
40.748546, -74.001231
05

Other buildings in Chelsea-Hudson Yards

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
345 8TH AVENUED41,1341960475$131k
311 11TH AVENUED793820200-
415 WEST 23 STREETD990119345$1.97m
371 9 AVENUERM84420150-
311 WEST 24 STREETD47561963350$130k
539 WEST 28 STREETD871020130-
551 10 AVENUERM59820131-
476 11 AVENUED759020200-
320 WEST 38 STREETD856920070-
305 9 AVENUED45601963138$130k
505 WEST 35TH STREETRM53220200-
450 WEST 17 STREETRM4692006382$1.75m

Every building on file in Chelsea-Hudson Yards