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Brooklyn / Flatlands / 11203

5407 KINGS HIGHWAY

Boro3
Block7930
Lot1
BBL3079300001
Class C1
Residential units
225
Units in total
225
Storeys
3
Year built
1952
Last alteration on file
-
Recorded transfers
2 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
12 Feb 2015$32,515,000-APARTMENT BUILDINGDEED
3 Aug 2007$19,500,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20151$32,515,000--
20071$19,500,000--
02

The building on the lot

Section through the lot

LOT 243,100 SQ FT3
Drawn from PLUTO: 3 storeys, 195,000 sq ft of building on 243,100 sq ft of lot, an average floor plate covering 27% of it. PLUTO records 9 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
243,100 sq ft
Building area
195,000 sq ft
Residential area
195,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
9
Built floor area ratio
0.8
Residential FAR permitted
1
Zoning district
R4
03

Assessment

Assessed land value
$1,179,450
Assessed total value
$7,336,800
Exempt value
$0
Assessed per residential unit
$32,608

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Flatlands
ZIP code
11203
Community district
Brooklyn 17
Council district
45
Coordinates
40.642147, -73.924438
05

Other buildings in Flatlands

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1655 FLATBUSH AVENUED46341964275$370k
3310 AVENUE HD43601950119$253k
2425 NOSTRAND AVENUED117819552-
1165 EAST 54 STREETD41561966140$253k
1190 EAST 53 STREETD41561966148$250k
1199 EAST 53 STREETD41561966146$250k
1270 EAST 51 STREETD41561966132$250k
1275 EAST 51 STREETD41561965138$243k
3211 FLATBUSH AVENUED114319570-
4200 AVENUE KD110819550-
4149 KINGS HIGHWAYD310119522-
4011 KINGS HIGHWAYD19619590-

Every building on file in Flatlands