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Brooklyn / East New York-New Lots / 11207

47 MALTA STREET

Boro3
Block4295
Lot63
BBL3042950063
Class C1
Residential units
48
Units in total
48
Storeys
4
Year built
2006
Last alteration on file
2006
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
7 Nov 2022$4,148,563-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

PERMITTED, NOT BUILTLOT 24,951 SQ FT4
Drawn from PLUTO: 4 storeys, 36,447 sq ft of building on 24,951 sq ft of lot, an average floor plate covering 37% of it. PLUTO records 2 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 (1.46) and the residential floor area ratio of the zoning district (2.43). It is a diagram of recorded figures, not a picture of the building.
Lot area
24,951 sq ft
Building area
36,447 sq ft
Residential area
36,447 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
1.46
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$449,100
Assessed total value
$2,306,700
Exempt value
$2,306,700
Assessed per residential unit
$48,056

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
East New York-New Lots
ZIP code
11207
Community district
Brooklyn 5
Council district
42
Coordinates
40.659491, -73.895184
05

Other buildings in East New York-New Lots

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
190 COZINE AVENUERM550-0-
971 JEROME STREETRM540-0-
875 PENNSYLVANIA AVENUED333619660-
910 HEGEMAN AVENUED110519690-
679 VAN SINDEREN AVENUERM10220180-
487 LIVONIA AVENUERM9020170-
494 GEORGIA AVENUERM90-0-
500 LIVONIA AVENUERM9020160-
679 NEW LOTS AVENUERM8720110-
443 ALABAMA AVENUEC18419711-
494 SHEFFIELD AVENUERM8420150-
523 VERMONT STREETD17419300-

Every building on file in East New York-New Lots