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Brooklyn / Williamsburg / 11211

503 UNION AVENUE

Boro3
Block2315
Lot21
BBL3023150021
Class D5
Residential units
23
Units in total
24
Storeys
5
Year built
1930
Last alteration on file
2011
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

LOT 10,387 SQ FT5
Drawn from PLUTO: 5 storeys, 36,888 sq ft of building on 10,387 sq ft of lot, an average floor plate covering 71% of it. PLUTO records 2 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
10,387 sq ft
Building area
36,888 sq ft
Residential area
20,416 sq ft
Commercial area
16,472 sq ft
Office area
-
Retail area
9,590 sq ft
Buildings on the lot
2
Built floor area ratio
3.55
Residential FAR permitted
2.43
Zoning district
M1-2/R6
03

Assessment

Assessed land value
$420,750
Assessed total value
$3,271,500
Exempt value
$2,942,472
Assessed per residential unit
$142,239

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
D5ELEVATOR APT; CONVERTED
Neighbourhood
Williamsburg
ZIP code
11211
Community district
Brooklyn 1
Council district
33
Coordinates
40.715777, -73.952192
05

Other buildings in Williamsburg

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
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11 WHARF WAYRM487202360$1.33m
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22 NORTH 6 STREETRX359-0-
188 MARCY AVENUED934819630-
184 KENT AVENUERM3331914417$1.16m
266 KENT AVENUERM33220180-
2 NORTHSIDE PIERSRM2672010442$1.68m
34 NORTH 6 STREETRM25120130-
236 NORTH 10 STREETD823420122-

Every building on file in Williamsburg