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The Bronx / Melrose / 10451

429 EAST 157 STREET

Boro2
Block2379
Lot28
BBL2023790028
Class C6
Residential units
21
Units in total
21
Storeys
5
Year built
1905
Last alteration on file
1998
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
1 Apr 2018$8,0001AAPARTMENT BUILDINGRPTT&RET
4 Jan 2013$27,0004DSINGLE 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
20181$8,000--
20131$27,000--
02

The building on the lot

Section through the lot

LOT 5,050 SQ FT5
Drawn from PLUTO: 5 storeys, 18,110 sq ft of building on 5,050 sq ft of lot, an average floor plate covering 72% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
5,050 sq ft
Building area
18,110 sq ft
Residential area
17,110 sq ft
Commercial area
1,000 sq ft
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.59
Residential FAR permitted
3.44
Zoning district
R7-2
03

Assessment

Assessed land value
$27,000
Assessed total value
$378,000
Exempt value
$82,047
Assessed per residential unit
$18,000

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
C6WALK-UP COOPERATIVE
Neighbourhood
Melrose
ZIP code
10451
Community district
The Bronx 1
Council district
17
Coordinates
40.821507, -73.913959
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