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The Bronx / Melrose / 10451

421 EAST 157 STREET

Boro2
Block2379
Lot32
BBL2023790032
Class C1
Residential units
21
Units in total
21
Storeys
5
Year built
1913
Last alteration on file
1991
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
9 Oct 2015$26,000-APARTMENT BUILDINGRPTT&RET
9 Oct 2015$26,000-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 5,050 SQ FT5
Drawn from PLUTO: 5 storeys, 17,180 sq ft of building on 5,050 sq ft of lot, an average floor plate covering 68% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
5,050 sq ft
Building area
17,180 sq ft
Residential area
17,180 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.4
Residential FAR permitted
3.44
Zoning district
R7-2
03

Assessment

Assessed land value
$22,050
Assessed total value
$305,100
Exempt value
$9,147
Assessed per residential unit
$14,529

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Melrose
ZIP code
10451
Community district
The Bronx 1
Council district
17
Coordinates
40.821609, -73.914295
05

Other buildings in Melrose

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
645 WESTCHESTER AVENUED31,00719581-
2862 PARK AVENUED749819740-
720 WESTCHESTER AVENUED348819630-
550 CAULDWELL AVENUED347119601-
600 BERGEN AVENUERM28020180-
526A EAST 159 STREETR32651993177$335k
BROOK AVENUED725420250-
700 BROOK AVENUERM222201089$285k
2950 PARK AVENUED321619831-
556 BERGEN AVENUERM21420180-
510 EAST 156 STREETD620819781-
655 MORRIS AVENUED717620150-

Every building on file in Melrose