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Manhattan / Morningside Heights / 10027

550 RIVERSIDE DRIVE

Boro1
Block1995
Lot1
BBL1019950001
Class D4
Residential units
50
Units in total
50
Storeys
6
Year built
1926
Last alteration on file
1986
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
21 May 2013$18,386,667-APARTMENT BUILDINGDEED
30 Jun 2004$6,525,000-APARTMENT BUILDINGDEEDO
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.

By year

YearTransfersMedian recordedLowestHighest
20131$18,386,667--
20041$6,525,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 13,513 SQ FT6
Drawn from PLUTO: 6 storeys, 58,560 sq ft of building on 13,513 sq ft of lot, an average floor plate covering 72% of it. The dashed outline is the difference between the floor area ratio already built (4.33) 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
13,513 sq ft
Building area
58,560 sq ft
Residential area
58,560 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.33
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$233,100
Assessed total value
$2,850,300
Exempt value
$0
Assessed per residential unit
$57,006

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
10027
Community district
Manhattan 9
Council district
7
Coordinates
40.816065, -73.960188
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