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Manhattan / Murray Hill-Kips Bay / 10016

500 2 AVENUE

Boro1
Block934
Lot1
BBL1009340001
Class D6
Residential units
894
Units in total
902
Storeys
28
Year built
1975
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.

RecordedConsiderationUnitWhat transferredInstrument
8 Dec 2016$620,000,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
02

The building on the lot

Section through the lot

LOT 141,836 SQ FT28
Drawn from PLUTO: 28 storeys, 829,024 sq ft of building on 141,836 sq ft of lot, an average floor plate covering 21% of it. PLUTO records 8 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
141,836 sq ft
Building area
829,024 sq ft
Residential area
689,200 sq ft
Commercial area
139,824 sq ft
Office area
6,698 sq ft
Retail area
26,919 sq ft
Buildings on the lot
8
Built floor area ratio
5.84
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$12,465,450
Assessed total value
$128,830,500
Exempt value
$0
Assessed per residential unit
$144,106

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
Murray Hill-Kips Bay
ZIP code
10016
Community district
Manhattan 6
Council district
2
Coordinates
40.740587, -73.97824
05

Other buildings in Murray Hill-Kips Bay

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
333 EAST 30 STREETRM1,1171962733$795k
235 EAST 42 STREETD688419600-
330 EAST 38 STREETRM8301989858$1.17m
1 TUDOR CITY PLACED47991930634$320k
151 EAST 31 STREETD670919880-
300 EAST 40 STREETRM5861967475$765k
219 EAST 42 STREETD656119050-
685 FIRST AVENUERM5562016151$2.41m
330 EAST 39 STREETD651019800-
630 1 AVENUERM4841984427$875k
222 EAST 34 STREETD848020020-
240 EAST 39 STREETD846419970-

Every building on file in Murray Hill-Kips Bay