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Brooklyn / Spring Creek-Starrett City / 11239

516 VANDALIA AVENUE

Recorded on the Digital Tax Map as ELTON SITE F CONDOMINIUM.

Boro3
Block4452
Lot7503
BBL3044527503
Class RM
Residential units
64
Units in total
65
Storeys
6
Year built
2016
Last alteration on file
-
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

PERMITTED, NOT BUILTLOT 23,217 SQ FT6
Drawn from PLUTO: 6 storeys, 75,216 sq ft of building on 23,217 sq ft of lot, an average floor plate covering 54% of it. The dashed outline is the difference between the floor area ratio already built (3.24) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
23,217 sq ft
Building area
75,216 sq ft
Residential area
67,281 sq ft
Commercial area
7,935 sq ft
Office area
-
Retail area
7,935 sq ft
Buildings on the lot
1
Built floor area ratio
3.24
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$313,650
Assessed total value
$4,205,700
Exempt value
$3,613,710
Assessed per residential unit
$65,714

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
Spring Creek-Starrett City
ZIP code
11239
Community district
Brooklyn 5
Council district
42
Coordinates
40.655157, -73.873462

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 Spring Creek-Starrett City

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
180 BETHEL LOOPD32,92619703-
1540 VAN SICLEN AVENUED32,22919752-
1325 PENNSYLVANIA AVENUED32,22219722-
1260 CROTON LOOPD31,16819723-
1155 PENNSYLVANIA AVENUED31,09219713-
35 INSPIRATION LANED646020250-
6 VITAL AVENUERM45120220-
ERSKINE STREETD642520250-
894 FOUNTAIN AVENUERM42220180-
911 ERSKINE STREETRM26720170-
FOUNTAIN AVENUED320920250-
10 SCHROEDER'S WALKRM20020181-

Every building on file in Spring Creek-Starrett City