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Brooklyn / East New York-New Lots / 11207

494 SHEFFIELD AVENUE

Recorded on the Digital Tax Map as LIVONIA COMMONS CONDOMINIUM.

Boro3
Block3804
Lot7501
BBL3038047501
Class RM
Residential units
84
Units in total
85
Storeys
8
Year built
2015
Last alteration on file
2014
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 67,061 SQ FT8
Drawn from PLUTO: 8 storeys, 101,986 sq ft of building on 67,061 sq ft of lot, an average floor plate covering 19% of it. The dashed outline is the difference between the floor area ratio already built (1.52) 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
67,061 sq ft
Building area
101,986 sq ft
Residential area
89,141 sq ft
Commercial area
12,845 sq ft
Office area
-
Retail area
12,845 sq ft
Buildings on the lot
1
Built floor area ratio
1.52
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$728,089
Assessed total value
$9,347,880
Exempt value
$8,132,394
Assessed per residential unit
$111,284

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
East New York-New Lots
ZIP code
11207
Community district
Brooklyn 5
Council district
42
Coordinates
40.664805, -73.895511

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 East New York-New Lots

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
190 COZINE AVENUERM550-0-
971 JEROME STREETRM540-0-
875 PENNSYLVANIA AVENUED333619660-
910 HEGEMAN AVENUED110519690-
679 VAN SINDEREN AVENUERM10220180-
487 LIVONIA AVENUERM9020170-
494 GEORGIA AVENUERM90-0-
500 LIVONIA AVENUERM9020160-
679 NEW LOTS AVENUERM8720110-
443 ALABAMA AVENUEC18419711-
523 VERMONT STREETD17419300-
404 SNEDIKER AVENUED77220180-

Every building on file in East New York-New Lots