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The Bronx / Melrose / 10451

562 MORRIS AVENUE

Boro2
Block2331
Lot7
BBL2023310007
Class C7
Residential units
20
Units in total
22
Storeys
6
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
6 Aug 2015$4,200,000-APARTMENT BUILDINGDEED
7 Apr 2014$2,760,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20151$4,200,000--
20141$2,760,000--
02

The building on the lot

Section through the lot

LOT 3,513 SQ FT6
Drawn from PLUTO: 6 storeys, 19,200 sq ft of building on 3,513 sq ft of lot, an average floor plate covering 91% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
3,513 sq ft
Building area
19,200 sq ft
Residential area
18,000 sq ft
Commercial area
1,200 sq ft
Office area
-
Retail area
1,200 sq ft
Buildings on the lot
1
Built floor area ratio
5.47
Residential FAR permitted
3.44
Zoning district
C4-4
03

Assessment

Assessed land value
$20,250
Assessed total value
$737,550
Exempt value
$0
Assessed per residential unit
$36,878

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
C7WALK-UP APT. OVER SIX FAMILIES WITH STORES
Neighbourhood
Melrose
ZIP code
10451
Community district
The Bronx 1
Council district
17
Coordinates
40.817857, -73.922262
05

Other buildings in Melrose

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
645 WESTCHESTER AVENUED31,00719581-
2862 PARK AVENUED749819740-
720 WESTCHESTER AVENUED348819630-
550 CAULDWELL AVENUED347119601-
600 BERGEN AVENUERM28020180-
526A EAST 159 STREETR32651993177$335k
BROOK AVENUED725420250-
700 BROOK AVENUERM222201089$285k
2950 PARK AVENUED321619831-
556 BERGEN AVENUERM21420180-
510 EAST 156 STREETD620819781-
655 MORRIS AVENUED717620150-

Every building on file in Melrose