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Manhattan / Chinatown-Two Bridges / 10002

48 ORCHARD STREET

Boro1
Block309
Lot7501
BBL1003097501
Class RM
Residential units
26
Units in total
28
Storeys
10
Year built
2003
Last alteration on file
-
Recorded transfers
43 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 Oct 2020$900,0003-DSINGLE RESIDENTIAL CONDO UNITDEED
19 Jul 2018$2,100,0006ASINGLE RESIDENTIAL CONDO UNITDEED
15 Dec 2017$1,650,0003BSINGLE RESIDENTIAL CONDO UNITDEED
6 Feb 2017$1,925,0006-CSINGLE RESIDENTIAL CONDO UNITDEED
30 Jan 2017$350,0003BSINGLE RESIDENTIAL CONDO UNITDEED
20 Nov 2015$1,800,0005-DSINGLE RESIDENTIAL CONDO UNITDEED
16 Nov 2015$1,975,0007-CSINGLE RESIDENTIAL CONDO UNITDEED
12 May 2015$2,457,5007-ASINGLE RESIDENTIAL CONDO UNITDEED
17 Nov 2014$1,120,0003-ASINGLE RESIDENTIAL CONDO UNITDEED
14 Oct 2014$1,895,0003-CSINGLE RESIDENTIAL CONDO UNITDEED
30 Sep 2014$2,300,0001CSINGLE RESIDENTIAL CONDO UNITDEED
14 Apr 2014$1,170,9888CSINGLE RESIDENTIAL CONDO UNITDEED
6 Feb 2014$2,902,0139-CSINGLE RESIDENTIAL CONDO UNITDEED
8 Nov 2013$1,485,0004-BSINGLE RESIDENTIAL CONDO UNITDEED
12 Aug 2013$1,450,0003-DSINGLE RESIDENTIAL CONDO UNITDEED
31 Jul 2013$2,952,92510-CSINGLE RESIDENTIAL CONDO UNITDEED
16 Mar 2012$170,0005-DSINGLE RESIDENTIAL CONDO UNITDEED
2 Jun 2011$1,069,1634-DSINGLE RESIDENTIAL CONDO UNITDEED
25 Mar 2011$1,400,0007-CSINGLE RESIDENTIAL CONDO UNITDEED
21 Mar 2011$1,420,4596-CSINGLE RESIDENTIAL CONDO UNITDEED
14 Mar 2011$1,144,7516-DSINGLE RESIDENTIAL CONDO UNITDEED
24 Feb 2011$960,0003-BSINGLE RESIDENTIAL CONDO UNITDEED
1 Sep 2010$1,196,4447-DSINGLE RESIDENTIAL CONDO UNITDEED
25 Feb 2010$1,069,1635-DSINGLE RESIDENTIAL CONDO UNITDEED
17 Feb 2010$1,025,0002-CSINGLE RESIDENTIAL CONDO UNITDEED
14 Nov 2008$1,330,0002-DSINGLE RESIDENTIAL CONDO UNITDEED
6 Oct 2008$1,400,0945-CSINGLE RESIDENTIAL CONDO UNITDEED
8 Jul 2008$1,298,2693-CSINGLE RESIDENTIAL CONDO UNITDEED
30 May 2008$1,216,8093-DSINGLE RESIDENTIAL CONDO UNITDEED
29 Apr 2008$1,325,0004-CSINGLE RESIDENTIAL CONDO UNITDEED
13 Feb 2008$1,532,4668-DSINGLE RESIDENTIAL CONDO UNITDEED
24 Jul 2007$920,0003-ASINGLE RESIDENTIAL CONDO UNITDEED
5 Jun 2006$1,160,0002-BSINGLE RESIDENTIAL CONDO UNITDEED
31 Aug 2005$1,295,0004-BSINGLE RESIDENTIAL CONDO UNITDEED
26 May 2005$845,1982-BSINGLE RESIDENTIAL CONDO UNITDEED
24 May 2005$957,1554BSINGLE RESIDENTIAL CONDO UNITDEED
6 May 2005$896,0603BSINGLE RESIDENTIAL CONDO UNITDEED
3 May 2005$702,5933ASINGLE RESIDENTIAL CONDO UNITDEED
2 May 2005$712,7754ASINGLE RESIDENTIAL CONDO UNITDEED
28 Apr 2005$1,400,0945ASINGLE RESIDENTIAL CONDO UNITDEED
43 transfers are recorded against this building since 2003. The 40 most recent are printed here; the yearly summary above counts all of them.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20201$900,000--
20181$2,100,000--
20173$1,650,000$350,000$1,925,000
20153$1,975,000$1,800,000$2,457,500
20145$1,895,000$1,120,000$2,902,013
20133$1,485,000$1,450,000$2,952,925
20121$170,000--
20115$1,144,751$960,000$1,420,459
20103$1,069,163$1,025,000$1,196,444
20086$1,327,500$1,216,809$1,532,466
20071$920,000--
20061$1,160,000--
200510$926,608$560,038$1,475,000
02

The building on the lot

Section through the lot

LOT 6,562 SQ FT10
Drawn from PLUTO: 10 storeys, 36,388 sq ft of building on 6,562 sq ft of lot, an average floor plate covering 55% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
6,562 sq ft
Building area
36,388 sq ft
Residential area
32,222 sq ft
Commercial area
4,166 sq ft
Office area
-
Retail area
3,204 sq ft
Buildings on the lot
1
Built floor area ratio
5.55
Residential FAR permitted
6.02
Zoning district
C6-2
03

Assessment

Assessed land value
$389,253
Assessed total value
$6,418,022
Exempt value
$0
Assessed per residential unit
$246,847

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
40.716434, -73.990845

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