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Brooklyn / Coney Island-Sea Gate / 11224

486 NEPTUNE AVENUE

Recorded on the Digital Tax Map as 532 NEPTUNE AVENUE CONDOMINIUM.

Boro3
Block7273
Lot7501
BBL3072737501
Class RM
Residential units
499
Units in total
503
Storeys
22
Year built
1964
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

LOT 211,538 SQ FT22
Drawn from PLUTO: 22 storeys, 934,702 sq ft of building on 211,538 sq ft of lot, an average floor plate covering 20% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
211,538 sq ft
Building area
934,702 sq ft
Residential area
562,706 sq ft
Commercial area
371,996 sq ft
Office area
21,029 sq ft
Retail area
124,720 sq ft
Buildings on the lot
1
Built floor area ratio
4.42
Residential FAR permitted
2.43
Zoning district
R6
03

Assessment

Assessed land value
$2,971,804
Assessed total value
$74,308,971
Exempt value
$0
Assessed per residential unit
$148,916

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
Coney Island-Sea Gate
ZIP code
11224
Community district
Brooklyn 13
Council district
48
Coordinates
40.579311, -73.973378

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 Coney Island-Sea Gate

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
2885 WEST 12 STREETD41,57819600-
501 SURF AVENUERM7351964580$590k
2928 WEST 5 STREETD45721964438$371k
2940 WEST 5 STREETD45721964434$350k
440 NEPTUNE AVENUED45721964308$430k
460 NEPTUNE AVENUED45721964300$400k
2915 WEST 5 STREETD45281964260$378k
1912 MERMAID AVENUERM44520190-
2940 OCEAN PARKWAYD744119641-
3000 OCEAN PARKWAYD344119641-
1 OCEAN DRIVERM42520180-
1709 SURF AVENUED642020250-

Every building on file in Coney Island-Sea Gate