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Manhattan / Greenwich Village / 10003

70 EAST 12 STREET

Boro1
Block557
Lot22
BBL1005570022
Class D6
Residential units
57
Units in total
62
Storeys
12
Year built
1987
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
21 Dec 2021$149,071,234-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 5,542 SQ FT12
Drawn from PLUTO: 12 storeys, 42,000 sq ft of building on 5,542 sq ft of lot, an average floor plate covering 63% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
5,542 sq ft
Building area
42,000 sq ft
Residential area
40,500 sq ft
Commercial area
1,500 sq ft
Office area
-
Retail area
1,500 sq ft
Buildings on the lot
1
Built floor area ratio
7.58
Residential FAR permitted
3.44
Zoning district
C6-1
03

Assessment

Assessed land value
$1,287,000
Assessed total value
$9,148,500
Exempt value
$0
Assessed per residential unit
$160,500

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
D6ELEVATOR APT; FIREPROOF WITH STORES
Neighbourhood
Greenwich Village
ZIP code
10003
Community district
Manhattan 2
Council district
2
Coordinates
40.732724, -73.990402
05

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Every building on file in Greenwich Village