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Manhattan / Morningside Heights / 10027

409 WEST 125 STREET

Boro1
Block1966
Lot66
BBL1019660066
Class C7
Residential units
31
Units in total
33
Storeys
4
Year built
1910
Last alteration on file
1996
Recorded transfers
2 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
28 Jun 2012$1,802,83712APARTMENT BUILDINGRPTT&RET
28 Jun 2012$2,048,95812APARTMENT BUILDINGDEED
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.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 6,480 SQ FT4
Drawn from PLUTO: 4 storeys, 17,080 sq ft of building on 6,480 sq ft of lot, an average floor plate covering 66% of it. PLUTO records 3 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 (2.64) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
6,480 sq ft
Building area
17,080 sq ft
Residential area
15,720 sq ft
Commercial area
1,360 sq ft
Office area
-
Retail area
1,360 sq ft
Buildings on the lot
3
Built floor area ratio
2.64
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$68,850
Assessed total value
$800,550
Exempt value
$656,451
Assessed per residential unit
$25,824

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
Morningside Heights
ZIP code
10027
Community district
Manhattan 9
Council district
7
Coordinates
40.811847, -73.954406
05

Other buildings in Morningside Heights

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
80 LA SALLE STREETD49821956753$610k
40 MORNINGSIDE DRIVED143020141-
1 MORNINGSIDE DRIVED929520081-
88 MORNINGSIDE DRIVED928519251-
2891 BROADWAYD725019110-
517 WEST 121 STREETD324120040-
30 MORNINGSIDE DRIVED320619540-
100 CLAREMONT AVERM1941926137$1.86m
543 WEST 122ND STREETR41832018178$1.88m
564 RIVERSIDE DRIVED318219640-
425 RIVERSIDE DRIVED317819240-
167 CLAREMONT AVENUED315919610-

Every building on file in Morningside Heights