Brooklyn / Crown Heights (South) / 11225
500 MONTGOMERY STREET
Boro3
Block1309
Lot49
BBL3013090049
Residential units
39
Units in total
39
Storeys
4
Year built
1925
Last alteration on file
1990
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 |
|---|---|---|---|---|
| 26 Sep 2011 | $4,299,998 | - | APARTMENT BUILDING | 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
10,000 sq ft
Building area
32,800 sq ft
Residential area
32,800 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.28
Residential FAR permitted
2.43
Zoning district
R6
03
Assessment
Assessed land value
$69,300
Assessed total value
$923,850
Exempt value
$923,850
Assessed per residential unit
$23,688
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
Crown Heights (South)
ZIP code
11225
Community district
Brooklyn 9
Council district
35
Coordinates
40.665047, -73.948469
05
Other buildings in Crown Heights (South)
| Address | Class | Res. units | Built | Transfers | Median apartment, 5 yr |
|---|---|---|---|---|---|
| 54 CROWN STREET | D6 | 569 | 2024 | 0 | - |
| 1089 PRESIDENT STREET | RM | 415 | 2019 | 0 | - |
| 49 CROWN STREET | D3 | 321 | 1973 | 1 | - |
| 960 FRANKLIN AVENUE | D3 | 301 | 2025 | 0 | - |
| 975 NOSTRAND AVENUE | D6 | 266 | 2023 | 0 | - |
| 1238 PRESIDENT STREET | D4 | 241 | 1972 | 0 | - |
| 931 CARROLL STREET | D1 | 214 | 2024 | 0 | - |
| 111 MONTGOMERY STREET | R2 | 163 | 2018 | 188 | $784k |
| 451 KINGSTON AVENUE | D7 | 156 | 1929 | 0 | - |
| 240 CROWN STREET | D1 | 135 | 1927 | 0 | - |
| 250 CROWN STREET | D1 | 129 | 1927 | 0 | - |
| 1702 CARROLL STREET | D4 | 125 | 1926 | 34 | $200k |