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The Bronx / Longwood / 10455

588 TIMPSON PLACE

Boro2
Block2603
Lot73
BBL2026030073
Class D1
Residential units
50
Units in total
50
Storeys
6
Year built
1920
Last alteration on file
1982
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
30 Aug 2007$6,685,944-APARTMENT BUILDINGRPTT&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 11,767 SQ FT6
Drawn from PLUTO: 6 storeys, 50,666 sq ft of building on 11,767 sq ft of lot, an average floor plate covering 72% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
11,767 sq ft
Building area
50,666 sq ft
Residential area
50,666 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.31
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$44,550
Assessed total value
$1,784,250
Exempt value
$1,784,250
Assessed per residential unit
$35,685

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Longwood
ZIP code
10455
Community district
The Bronx 2
Council district
17
Coordinates
40.811833, -73.90148
05

Other buildings in Longwood

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951 HOE AVENUERM30020056-
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1001 WHITLOCK AVENUED726520230-
1156 EAST 165 STRREETD725120250-
813 EAST 163 STREETD120019850-
1134 UNION AVENUED317519720-
980 WESTCHESTER AVENUERM15120200-
820 HEWITT PLACEC914419860-
899 WESTCHESTER AVENUERM14120140-
890 PROSPECT AVENUERM12420050-
960 PROSPECT AVERR12020170-

Every building on file in Longwood