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Brooklyn / Clinton Hill / 11238

487 CLINTON AVENUE

Boro3
Block1977
Lot4
BBL3019770004
Class C1Clinton Hill Historic District
Residential units
20
Units in total
20
Storeys
5
Year built
1931
Last alteration on file
-
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
27 Jun 2019$5,100,000-APARTMENT BUILDINGDEED
17 Jan 2007$2,171,608-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20191$5,100,000--
20071$2,171,608--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 4,440 SQ FT5
Drawn from PLUTO: 5 storeys, 9,375 sq ft of building on 4,440 sq ft of lot, an average floor plate covering 42% of it. The dashed outline is the difference between the floor area ratio already built (2.11) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
4,440 sq ft
Building area
9,375 sq ft
Residential area
9,375 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.11
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$99,900
Assessed total value
$1,514,700
Exempt value
$0
Assessed per residential unit
$75,735

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
Clinton Hill
ZIP code
11238
Community district
Brooklyn 2
Council district
35
Coordinates
40.683792, -73.966591
05

Other buildings in Clinton Hill

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
185 CLINTON AVENUED45201944555$722k
345 CLINTON AVENUED44241945470$730k
333 LAFAYETTE AVENUED432719630-
21 ST JAMES PLACED432619630-
309 LAFAYETTE AVENUED432619630-
185 HALL STREETD42871958221$562k
195 WILLOUGHBY AVENUED42871958227$551k
539 VANDERBILT AVENUERM26420200-
555 WAVERLY AVENUED619020170-
215 WILLOUGHBY AVENUED318719570-
504 MYRTLE AVENUERM14320150-
230 CLASSON AVENUED113820220-

Every building on file in Clinton Hill