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Brooklyn / Clinton Hill / 11205

531 MYRTLE AVENUE

Recorded on the Digital Tax Map as 531 MYRTLE AVENUE CONDOMINIUM.

Boro3
Block1893
Lot7504
BBL3018937504
Class RM
Residential units
29
Units in total
30
Storeys
5
Year built
2015
Last alteration on file
2015
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
28 Jul 2023$14,700,000RUBULK SALE OF CONDOMINIUMSDEED
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 7,500 SQ FT5
Drawn from PLUTO: 5 storeys, 32,402 sq ft of building on 7,500 sq ft of lot, an average floor plate covering 86% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
7,500 sq ft
Building area
32,402 sq ft
Residential area
24,200 sq ft
Commercial area
8,202 sq ft
Office area
-
Retail area
8,202 sq ft
Buildings on the lot
1
Built floor area ratio
4.32
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$405,000
Assessed total value
$4,639,950
Exempt value
$2,941,733
Assessed per residential unit
$159,998

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
Clinton Hill
ZIP code
11205
Community district
Brooklyn 2
Council district
35
Coordinates
40.693974, -73.963419

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 Clinton Hill

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
185 CLINTON AVENUED45201944555$722k
345 CLINTON AVENUED44241945470$730k
333 LAFAYETTE AVENUED432719630-
21 ST JAMES PLACED432619630-
309 LAFAYETTE AVENUED432619630-
185 HALL STREETD42871958221$562k
195 WILLOUGHBY AVENUED42871958227$551k
539 VANDERBILT AVENUERM26420200-
555 WAVERLY AVENUED619020170-
215 WILLOUGHBY AVENUED318719570-
504 MYRTLE AVENUERM14320150-
230 CLASSON AVENUED113820220-

Every building on file in Clinton Hill