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Brooklyn / Flatbush (West)-Ditmas Park-Parkville / 11226

613 EAST 16 STREET

Boro3
Block5237
Lot41
BBL3052370041
Class C1
Residential units
48
Units in total
48
Storeys
5
Year built
1931
Last alteration on file
-
Recorded transfers
3 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
18 Jun 2024$4,355,502-APARTMENT BUILDINGRPTT&RET
17 Jun 2024$768,618-APARTMENT BUILDINGRPTT&RET
31 Oct 2019$5,943,09748APARTMENT BUILDINGRPTT
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.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20242$2,562,060$768,618$4,355,502
20191$5,943,097--
02

The building on the lot

Section through the lot

LOT 10,000 SQ FT5
Drawn from PLUTO: 5 storeys, 40,000 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
40,000 sq ft
Residential area
40,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4
Residential FAR permitted
3
Zoning district
R6A
03

Assessment

Assessed land value
$79,650
Assessed total value
$1,316,250
Exempt value
$0
Assessed per residential unit
$27,422

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
Flatbush (West)-Ditmas Park-Parkville
ZIP code
11226
Community district
Brooklyn 14
Council district
45
Coordinates
40.635211, -73.962061
05

Other buildings in Flatbush (West)-Ditmas Park-Parkville

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
570 WESTMINSTER ROADD41851935135$549k
870 OCEAN PARKWAYD118319750-
345 WEBSTER AVENUED4145195979$345k
400 ARGYLE ROADD113819591-
405 WESTMINSTER ROADD113819601-
1802 NEWKIRK AVENUED41341958175$495k
820 OCEAN PARKWAYD41321961113$370k
855 EAST 7 STREETD41311963121$280k
60 TURNER PLACED113019610-
435 CONEY ISLAND AVENUED612820230-
763 OCEAN PARKWAYD4124193776$333k
1326 OCEAN AVENUED311620170-

Every building on file in Flatbush (West)-Ditmas Park-Parkville