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Manhattan / East Village / 10009

542 EAST 5 STREET

Boro1
Block400
Lot31
BBL1004000031
Class D6
Residential units
81
Units in total
83
Storeys
6
Year built
1970
Last alteration on file
1987
Recorded transfers
3 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
21 Sep 2018$82,000,000-APARTMENT BUILDINGDEED
17 Jul 2015$67,464,288-APARTMENT BUILDINGRPTT&RET
17 Jul 2015$6,588,184-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
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.

By year

YearTransfersMedian recordedLowestHighest
20181$82,000,000--
20152$37,026,236$6,588,184$67,464,288
02

The building on the lot

Section through the lot

LOT 14,076 SQ FT6
Drawn from PLUTO: 6 storeys, 71,334 sq ft of building on 14,076 sq ft of lot, an average floor plate covering 84% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
14,076 sq ft
Building area
71,334 sq ft
Residential area
66,234 sq ft
Commercial area
5,100 sq ft
Office area
-
Retail area
5,100 sq ft
Buildings on the lot
1
Built floor area ratio
5.07
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$900,000
Assessed total value
$13,028,400
Exempt value
$0
Assessed per residential unit
$160,844

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
D6ELEVATOR APT; FIREPROOF WITH STORES
Neighbourhood
East Village
ZIP code
10009
Community district
Manhattan 3
Council district
2
Coordinates
40.723806, -73.982531
05

Other buildings in East Village

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
66 1 AVENUED487719621-
604 EAST 14TH STREETD661619800-
162 AVENUE CD443919503-
188 AVENUE CD937119660-
30 3 AVENUED42601965274$1.30m
137 4 AVENUED620919640-
285 BOWERYD920620051-
60 1 AVENUED420319640-
223 AVENUE CD619720171-
205 AVENUE CD317619791-
190 EAST 7 STREETD117419980-
111 4 AVENUED41721921184$1.06m

Every building on file in East Village