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Manhattan / Midtown-Times Square / 10018

488 7 AVENUE

Boro1
Block786
Lot42
BBL1007860042
Class D6
Residential units
104
Units in total
108
Storeys
13
Year built
1902
Last alteration on file
1984
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

PERMITTED, NOT BUILTLOT 7,900 SQ FT13
Drawn from PLUTO: 13 storeys, 88,872 sq ft of building on 7,900 sq ft of lot, an average floor plate covering 87% of it. The dashed outline is the difference between the floor area ratio already built (11.25) and the residential floor area ratio of the zoning district (15). It is a diagram of recorded figures, not a picture of the building.
Lot area
7,900 sq ft
Building area
88,872 sq ft
Residential area
80,472 sq ft
Commercial area
8,400 sq ft
Office area
-
Retail area
8,400 sq ft
Buildings on the lot
1
Built floor area ratio
11.25
Residential FAR permitted
15
Zoning district
M1-9A/R12
03

Assessment

Assessed land value
$1,539,000
Assessed total value
$15,128,100
Exempt value
$0
Assessed per residential unit
$145,463

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
D6ELEVATOR APT; FIREPROOF WITH STORES
Neighbourhood
Midtown-Times Square
ZIP code
10018
Community district
Manhattan 5
Council district
3
Coordinates
40.752583, -73.989833
05

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Every building on file in Midtown-Times Square