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Manhattan / Chinatown-Two Bridges / 10002

55 HESTER STREET

Recorded on the Digital Tax Map as 55 HESTER STREET CONDOMINIUM.

Boro1
Block310
Lot7503
BBL1003107503
Class RM
Residential units
27
Units in total
29
Storeys
12
Year built
1940
Last alteration on file
2008
Recorded transfers
15 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 Jul 2024$810,00011ASINGLE RESIDENTIAL CONDO UNITDEED
16 Aug 2019$930,0008ASINGLE RESIDENTIAL CONDO UNITDEED
8 Nov 2012$539,67310ASINGLE RESIDENTIAL CONDO UNITDEED
18 Jun 2012$855,33011BSINGLE RESIDENTIAL CONDO UNITDEED
29 Aug 2011$620,0003CSINGLE RESIDENTIAL CONDO UNITDEED
5 Aug 2011$761,1426BSINGLE RESIDENTIAL CONDO UNITDEED
5 Aug 2011$761,1427BSINGLE RESIDENTIAL CONDO UNITDEED
15 Jul 2011$500,00011ASINGLE RESIDENTIAL CONDO UNITDEED
11 Apr 2011$629,2798ASINGLE RESIDENTIAL CONDO UNITDEED
30 Mar 2011$650,0006CSINGLE RESIDENTIAL CONDO UNITDEED
1 Feb 2011$654,7357CSINGLE RESIDENTIAL CONDO UNITDEED
31 Jan 2011$631,3158CSINGLE RESIDENTIAL CONDO UNITDEED
30 Dec 2010$580,4035CSINGLE RESIDENTIAL CONDO UNITDEED
30 Dec 2010$692,4108BSINGLE RESIDENTIAL CONDO UNITDEED
15 Nov 2010$600,00010BSINGLE RESIDENTIAL CONDO UNITDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20241$810,000--
20191$930,000--
20122$697,502$539,673$855,330
20118$640,658$500,000$761,142
20103$600,000$580,403$692,410
02

The building on the lot

Section through the lot

LOT 3,735 SQ FT12
Drawn from PLUTO: 12 storeys, 21,794 sq ft of building on 3,735 sq ft of lot, an average floor plate covering 49% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
3,735 sq ft
Building area
21,794 sq ft
Residential area
18,230 sq ft
Commercial area
3,564 sq ft
Office area
1,122 sq ft
Retail area
2,442 sq ft
Buildings on the lot
1
Built floor area ratio
5.84
Residential FAR permitted
6.02
Zoning district
C6-2
03

Assessment

Assessed land value
$172,350
Assessed total value
$4,141,800
Exempt value
$76,836
Assessed per residential unit
$153,400

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
Chinatown-Two Bridges
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.715839, -73.990098

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 Chinatown-Two Bridges

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
225 CHERRY STREETRM1,0212015640$1.97m
265 CHERRY STREETD649019792-
185 PARK ROWD44201960262$718k
275 SOUTH STREETD625619784-
196 PARK ROWD42501965148$870k
82 RUTGERS SLIPD919819952-
2 ELIZABETH STREETR41671985111$685k
80 RUTGERS SLIPD910919871-
45 ALLEN STREETD310419730-
10 RUTGERS STREETD78320011-
148 MADISON STREETRM802002116$534k
59 HENRY STREETD68020210-

Every building on file in Chinatown-Two Bridges