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Manhattan / Morningside Heights / 10025

54 MORNINGSIDE DRIVE

Boro1
Block1867
Lot60
BBL1018670060
Class D4
Residential units
25
Units in total
25
Storeys
6
Year built
1925
Last alteration on file
1987
Recorded transfers
14 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
10 Aug 2021$735,0003SINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Jul 2018$1,430,00054SINGLE RESIDENTIAL COOP UNITRPTT&RET
11 Jul 2018$1,320,0002SINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Apr 2018$1,420,00052SINGLE RESIDENTIAL COOP UNITRPTT&RET
31 Jul 2014$680,0003SINGLE RESIDENTIAL COOP UNITRPTT&RET
26 Aug 2013$953,0002SINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Jul 2012$1,185,00034SINGLE RESIDENTIAL COOP UNITRPTT&RET
25 May 2011$1,250,00031SINGLE RESIDENTIAL COOP UNITRPTT&RET
31 Aug 2010$1,200,00053SINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Aug 2010$862,50033SINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Aug 2008$995,00052SINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Oct 2005$915,00053SINGLE RESIDENTIAL COOP UNITRPTT&RET
1 Apr 2005$867,50043SINGLE RESIDENTIAL COOP UNITRPTT&RET
12 Aug 2004$895,00064SINGLE RESIDENTIAL COOP UNITRPTT
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.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20211$735,000--
20183$1,420,000$1,320,000$1,430,000
20141$680,000--
20131$953,000--
20121$1,185,000--
20111$1,250,000--
20102$1,031,250$862,500$1,200,000
20081$995,000--
20052$891,250$867,500$915,000
20041$895,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 9,083 SQ FT6
Drawn from PLUTO: 6 storeys, 38,334 sq ft of building on 9,083 sq ft of lot, an average floor plate covering 70% of it. The dashed outline is the difference between the floor area ratio already built (4.22) 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
9,083 sq ft
Building area
38,334 sq ft
Residential area
38,334 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.22
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$405,000
Assessed total value
$3,099,150
Exempt value
$109,610
Assessed per residential unit
$123,966

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
D4ELEVATOR COOPERATIVE
Neighbourhood
Morningside Heights
ZIP code
10025
Community district
Manhattan 9
Council district
7
Coordinates
40.805986, -73.959789
05

Other buildings in Morningside Heights

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
80 LA SALLE STREETD49821956753$610k
40 MORNINGSIDE DRIVED143020141-
1 MORNINGSIDE DRIVED929520081-
88 MORNINGSIDE DRIVED928519251-
2891 BROADWAYD725019110-
517 WEST 121 STREETD324120040-
30 MORNINGSIDE DRIVED320619540-
100 CLAREMONT AVERM1941926137$1.86m
543 WEST 122ND STREETR41832018178$1.88m
564 RIVERSIDE DRIVED318219640-
425 RIVERSIDE DRIVED317819240-
167 CLAREMONT AVENUED315919610-

Every building on file in Morningside Heights