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Brooklyn / Crown Heights (North) / 11238

588 PARK PLACE

Boro3
Block1168
Lot30
BBL3011680030
Class C1
Residential units
20
Units in total
20
Storeys
4
Year built
1907
Last alteration on file
2006
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
28 Jun 2024$2,576,387-APARTMENT BUILDINGDEED
25 May 2005$1-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20241$2,576,387--
20051$1--
02

The building on the lot

Section through the lot

LOT 5,240 SQ FT4
Drawn from PLUTO: 4 storeys, 13,320 sq ft of building on 5,240 sq ft of lot, an average floor plate covering 64% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
5,240 sq ft
Building area
13,320 sq ft
Residential area
13,320 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.54
Residential FAR permitted
2
Zoning district
R6B
03

Assessment

Assessed land value
$47,250
Assessed total value
$724,950
Exempt value
$724,950
Assessed per residential unit
$36,248

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Crown Heights (North)
ZIP code
11238
Community district
Brooklyn 8
Council district
35
Coordinates
40.674273, -73.958556
05

Other buildings in Crown Heights (North)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1880 PACIFIC STREETD11,16819500-
953 DEAN STREETD724020230-
1034 ATLANTIC AVENUED723720240-
805 ST MARKS AVENUED120019243-
564 ST JOHNS PLACED119320152-
409 EASTERN PARKWAYRM18620160-
1733 BERGEN STREETD118419500-
769 ST MARKS AVENUED118019242-
998-1010 PACIFIC STREETD317520220-
545 PROSPECT PLACED515919300-
230 KINGSTON AVENUED915219820-
497 ST MARKS AVENUED114720140-

Every building on file in Crown Heights (North)