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Queens / Ridgewood / 11385

61-17 68 AVENUE

Boro4
Block3620
Lot21
BBL4036200021
Class C1
Residential units
44
Units in total
44
Storeys
4
Year built
1921
Last alteration on file
-
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
5 Jul 2006$1,400,000-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 10,000 SQ FT4
Drawn from PLUTO: 4 storeys, 32,000 sq ft of building on 10,000 sq ft of lot, an average floor plate covering 80% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
10,000 sq ft
Building area
32,000 sq ft
Residential area
32,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.2
Residential FAR permitted
1.5
Zoning district
R5B
03

Assessment

Assessed land value
$250,200
Assessed total value
$1,629,000
Exempt value
$0
Assessed per residential unit
$37,023

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
Ridgewood
ZIP code
11385
Community district
Queens 5
Council district
30
Coordinates
40.705647, -73.895739
05

Other buildings in Ridgewood

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
18-70 TROUTMAN STREETD712520182-
1614 MADISON STREETD19020150-
62-02 CATALPA AVENUEC18119280-
60-30 MADISON STREETC16419310-
60-40 MADISON STREETC16419300-
71-05 FRESH POND ROADR264199179$530k
17-11 HANCOCK STREETD16020220-
69-30 62 STREETC15619290-
71-13 60 LANED35519301-
803 WYCKOFF AVENUED15420160-
55-27 MYRTLE AVENUED65019150-
1635 PUTNAM AVENUEC14919290-

Every building on file in Ridgewood