Brooklyn / East New York-New Lots / 11207
498 PENNSYLVANIA AVENUE
Boro3
Block3805
Lot41
BBL3038050041
Residential units
32
Units in total
32
Storeys
4
Year built
1930
Last alteration on file
-
Recorded transfers
1 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.
| Recorded | Consideration | Unit | What transferred | Instrument |
|---|---|---|---|---|
| 9 Jun 2016 | $5,000 | 21 | SINGLE RESIDENTIAL COOP UNIT | RPTT&RET |
- RPTT&RET
- BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.
02
The building on the lot
Section through the lot
Lot area
7,500 sq ft
Building area
19,360 sq ft
Residential area
19,360 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.58
Residential FAR permitted
2.43
Zoning district
R6
03
Assessment
Assessed land value
$90,900
Assessed total value
$1,106,100
Exempt value
$655,124
Assessed per residential unit
$34,566
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
C6WALK-UP COOPERATIVE
Neighbourhood
East New York-New Lots
ZIP code
11207
Community district
Brooklyn 5
Council district
42
Coordinates
40.665078, -73.894491
05
Other buildings in East New York-New Lots
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 190 COZINE AVENUE | RM | 550 | - | 0 | - |
| 971 JEROME STREET | RM | 540 | - | 0 | - |
| 875 PENNSYLVANIA AVENUE | D3 | 336 | 1966 | 0 | - |
| 910 HEGEMAN AVENUE | D1 | 105 | 1969 | 0 | - |
| 679 VAN SINDEREN AVENUE | RM | 102 | 2018 | 0 | - |
| 487 LIVONIA AVENUE | RM | 90 | 2017 | 0 | - |
| 494 GEORGIA AVENUE | RM | 90 | - | 0 | - |
| 500 LIVONIA AVENUE | RM | 90 | 2016 | 0 | - |
| 679 NEW LOTS AVENUE | RM | 87 | 2011 | 0 | - |
| 443 ALABAMA AVENUE | C1 | 84 | 1971 | 1 | - |
| 494 SHEFFIELD AVENUE | RM | 84 | 2015 | 0 | - |
| 523 VERMONT STREET | D1 | 74 | 1930 | 0 | - |