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Manhattan / Chinatown-Two Bridges / 10002

51 CANAL STREET

Boro1
Block298
Lot7501
BBL1002987501
Class RM
Residential units
41
Units in total
47
Storeys
6
Year built
1941
Last alteration on file
1987
Recorded transfers
23 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
28 Mar 2024$319,0005XSINGLE RESIDENTIAL CONDO UNITDEED
12 Sep 2022$600,0003ASINGLE RESIDENTIAL CONDO UNITDEED
29 Dec 2021$448,8005CSINGLE RESIDENTIAL CONDO UNITDEED
5 Jan 2021$100,0005CSINGLE RESIDENTIAL CONDO UNITDEED
29 Oct 2020$428,0004GSINGLE RESIDENTIAL CONDO UNITDEED
7 Jul 2020$450,0004ESINGLE RESIDENTIAL CONDO UNITDEED
16 Jul 2018$425,0004CSINGLE RESIDENTIAL CONDO UNITDEED
18 Jun 2018$460,0002ESINGLE RESIDENTIAL CONDO UNITDEED
3 May 2018$830,0003ISINGLE RESIDENTIAL CONDO UNITDEED
12 Jun 2013$550,0006ISINGLE RESIDENTIAL CONDO UNITDEED
11 Jul 2012$402,0004HSINGLE RESIDENTIAL CONDO UNITDEED
2 May 2011$510,0003HSINGLE RESIDENTIAL CONDO UNITDEED
21 Jul 2010$300,0002DSINGLE RESIDENTIAL CONDO UNITDEED
11 Jun 2010$287,0004GSINGLE RESIDENTIAL CONDO UNITDEED
26 Jun 2009$268,0006ESINGLE RESIDENTIAL CONDO UNITDEED
9 Dec 2008$405,0006HSINGLE RESIDENTIAL CONDO UNITDEED
1 Dec 2008$390,0004CSINGLE RESIDENTIAL CONDO UNITDEED
27 Jun 2006$245,0003FSINGLE RESIDENTIAL CONDO UNITDEED
9 Jan 2006$383,0002ISINGLE RESIDENTIAL CONDO UNITDEED
3 Nov 2005$400,0002HSINGLE RESIDENTIAL CONDO UNITDEED
31 May 2005$180,0002GSINGLE RESIDENTIAL CONDO UNITDEED
12 Feb 2004$312,0003HSINGLE RESIDENTIAL CONDO UNITDEEDO
25 Apr 2003$208,0004ASINGLE RESIDENTIAL CONDO UNITDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.

By year

YearTransfersMedian recordedLowestHighest
20241$319,000--
20221$600,000--
20212$274,400$100,000$448,800
20202$439,000$428,000$450,000
20183$460,000$425,000$830,000
20131$550,000--
20121$402,000--
20111$510,000--
20102$293,500$287,000$300,000
20091$268,000--
20082$397,500$390,000$405,000
20062$314,000$245,000$383,000
20052$290,000$180,000$400,000
20041$312,000--
20031$208,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 6,769 SQ FT6
Drawn from PLUTO: 6 storeys, 25,132 sq ft of building on 6,769 sq ft of lot, an average floor plate covering 62% of it. The dashed outline is the difference between the floor area ratio already built (3.71) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
6,769 sq ft
Building area
25,132 sq ft
Residential area
20,591 sq ft
Commercial area
4,541 sq ft
Office area
-
Retail area
4,541 sq ft
Buildings on the lot
1
Built floor area ratio
3.71
Residential FAR permitted
6.02
Zoning district
C6-2
03

Assessment

Assessed land value
$656,992
Assessed total value
$4,163,834
Exempt value
$103,164
Assessed per residential unit
$101,557

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
Chinatown-Two Bridges
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.715076, -73.99157

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 Chinatown-Two Bridges

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
225 CHERRY STREETRM1,0212015640$1.97m
265 CHERRY STREETD649019792-
185 PARK ROWD44201960262$718k
275 SOUTH STREETD625619784-
196 PARK ROWD42501965148$870k
82 RUTGERS SLIPD919819952-
2 ELIZABETH STREETR41671985111$685k
80 RUTGERS SLIPD910919871-
45 ALLEN STREETD310419730-
10 RUTGERS STREETD78320011-
148 MADISON STREETRM802002116$534k
59 HENRY STREETD68020210-

Every building on file in Chinatown-Two Bridges