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Manhattan / Hell's Kitchen / 10019

554 WEST 53 STREET

Boro1
Block1081
Lot60
BBL1010810060
Class D5
Residential units
80
Units in total
81
Storeys
7
Year built
1910
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
3 May 2005$4,695,123-APARTMENT BUILDINGRPTT&RET
27 Jun 2003$1-APARTMENT BUILDINGDEED
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.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20051$4,695,123--
20031$1--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 14,289 SQ FT7
Drawn from PLUTO: 7 storeys, 56,501 sq ft of building on 14,289 sq ft of lot, an average floor plate covering 56% of it. The dashed outline is the difference between the floor area ratio already built (3.95) 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
14,289 sq ft
Building area
56,501 sq ft
Residential area
55,801 sq ft
Commercial area
700 sq ft
Office area
-
Retail area
700 sq ft
Buildings on the lot
1
Built floor area ratio
3.95
Residential FAR permitted
6.02
Zoning district
R8A
03

Assessment

Assessed land value
$675,000
Assessed total value
$1,350,450
Exempt value
$1,350,450
Assessed per residential unit
$16,881

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
D5ELEVATOR APT; CONVERTED
Neighbourhood
Hell's Kitchen
ZIP code
10019
Community district
Manhattan 4
Council district
3
Coordinates
40.767402, -73.993061
05

Other buildings in Hell's Kitchen

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
605 WEST 42 STREETRM1,16620081-
827 11 AVENUED71,02820150-
560 10 AVENUERM814200861$2.24m
625 WEST 57 STREETRM70920130-
550 WEST 45 STREETRM69920110-
350 WEST 50 STREETRM65419891,184$760k
601 WEST 57 STREETD659720030-
322 WEST 57 STREETRM5831978879$1.40m
340 WEST 57 STREETRM5761904646$930k
350 WEST 42 STREETRM55120041,251$1.15m
475 WEST 40TH STREETRM45320230-
555 WEST 42 STREETD841819871-

Every building on file in Hell's Kitchen