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Brooklyn / Flatbush / 11226

55 PARADE PLACE

Boro3
Block5060
Lot8
BBL3050600008
Class D4
Residential units
73
Units in total
73
Storeys
6
Year built
1927
Last alteration on file
-
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
25 Oct 2021$702,593B5SINGLE RESIDENTIAL COOP UNITRPTT&RET
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.
02

The building on the lot

Section through the lot

LOT 20,152 SQ FT6
Drawn from PLUTO: 6 storeys, 85,716 sq ft of building on 20,152 sq ft of lot, an average floor plate covering 71% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
20,152 sq ft
Building area
85,716 sq ft
Residential area
85,716 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.25
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$317,250
Assessed total value
$2,656,800
Exempt value
$0
Assessed per residential unit
$36,395

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
Flatbush
ZIP code
11226
Community district
Brooklyn 14
Council district
40
Coordinates
40.651634, -73.964729
05

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777 EAST 31 STREETD112519610-

Every building on file in Flatbush