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Manhattan / Chinatown-Two Bridges / 10002

48 HESTER STREET

Boro1
Block297
Lot7502
BBL1002977502
Class RM
Residential units
35
Units in total
41
Storeys
9
Year built
1990
Last alteration on file
-
Recorded transfers
11 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
23 Jan 2025$780,0006BSINGLE RESIDENTIAL CONDO UNITDEED
21 Nov 2024$815,0007ASINGLE RESIDENTIAL CONDO UNITDEED
5 Dec 2023$1,380,0008DSINGLE RESIDENTIAL CONDO UNITDEED
1 Sep 2022$789,0007ESINGLE RESIDENTIAL CONDO UNITDEED
12 Aug 2021$450,0004DSINGLE RESIDENTIAL CONDO UNITDEED
30 Apr 2019$610,0007ASINGLE RESIDENTIAL CONDO UNITDEED
18 Apr 2018$1,800,0008BSINGLE RESIDENTIAL CONDO UNIT2 lotsDEED
30 Mar 2009$588,0002CSINGLE RESIDENTIAL CONDO UNITDEED
23 Mar 2004$72,5003ASINGLE RESIDENTIAL CONDO UNITDEED
19 Nov 2003$333,8004BSINGLE RESIDENTIAL CONDO UNITDEEDO
12 Mar 2003$104DSINGLE RESIDENTIAL CONDO UNITDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.

By year

YearTransfersMedian recordedLowestHighest
20251$780,000--
20241$815,000--
20231$1,380,000--
20221$789,000--
20211$450,000--
20191$610,000--
20181$1,800,000--
20091$588,000--
20041$72,500--
20032$166,905$10$333,800
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 10,820 SQ FT9
Drawn from PLUTO: 9 storeys, 26,564 sq ft of building on 10,820 sq ft of lot, an average floor plate covering 27% of it. The dashed outline is the difference between the floor area ratio already built (2.46) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
10,820 sq ft
Building area
26,564 sq ft
Residential area
23,604 sq ft
Commercial area
2,960 sq ft
Office area
-
Retail area
1,725 sq ft
Buildings on the lot
1
Built floor area ratio
2.46
Residential FAR permitted
6.02
Zoning district
C6-2
03

Assessment

Assessed land value
$393,756
Assessed total value
$4,269,157
Exempt value
$199,280
Assessed per residential unit
$121,976

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
RM
Neighbourhood
Chinatown-Two Bridges
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.715564, -73.990441

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Chinatown-Two Bridges

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
225 CHERRY STREETRM1,0212015640$1.97m
265 CHERRY STREETD649019792-
185 PARK ROWD44201960262$718k
275 SOUTH STREETD625619784-
196 PARK ROWD42501965148$870k
82 RUTGERS SLIPD919819952-
2 ELIZABETH STREETR41671985111$685k
80 RUTGERS SLIPD910919871-
45 ALLEN STREETD310419730-
10 RUTGERS STREETD78320011-
148 MADISON STREETRM802002116$534k
59 HENRY STREETD68020210-

Every building on file in Chinatown-Two Bridges