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Brooklyn / Gravesend (South) / 11235

701 GERALD COURT

Boro3
Block7224
Lot37
BBL3072240037
Class D4
Residential units
54
Units in total
54
Storeys
6
Year built
1953
Last alteration on file
-
Recorded transfers
30 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
15 Oct 2024$330,0006ASINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Aug 2024$288,5004ESINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Feb 2023$235,0006ESINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Aug 2022$360,0004JSINGLE RESIDENTIAL COOP UNITRPTT&RET
11 May 2022$520,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
4 Oct 2021$265,0004FSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Jun 2021$355,0004ASINGLE RESIDENTIAL COOP UNITRPTT&RET
18 May 2021$295,0006CSINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Mar 2019$260,0002BSINGLE RESIDENTIAL COOP UNITRPTT&RET
8 Jun 2017$235,0004ESINGLE RESIDENTIAL COOP UNITRPTT&RET
20 Jul 2016$350,0006GSINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Jul 2016$215,0004ASINGLE RESIDENTIAL COOP UNITRPTT&RET
21 Apr 2016$229,0006HSINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Jul 2015$215,00054SINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Jan 2015$275,0004GSINGLE RESIDENTIAL COOP UNITRPTT&RET
8 Jan 2015$287,5004CSINGLE RESIDENTIAL COOP UNITRPTT&RET
31 Oct 2014$190,0005FSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Oct 2013$212,0006JSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Jul 2013$185,0003BSINGLE RESIDENTIAL COOP UNITRPTT&RET
5 Jul 2012$170,0005ASINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Jun 2012$180,0004HSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Feb 2012$150,0002ASINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Jun 2010$218,0003CSINGLE RESIDENTIAL COOP UNITRPTT&RET
2 Jun 2010$319,0005DSINGLE RESIDENTIAL COOP UNITRPTT&RET
25 Aug 2009$212,0004CSINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Dec 2008$255,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
10 Jan 2008$330,0006GSINGLE RESIDENTIAL COOP UNITRPTT&RET
21 Dec 2007$225,0003HSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Nov 2006$140,0001FSINGLE RESIDENTIAL COOP UNITRPTT&RET
1 Oct 2004$155,0005ESINGLE RESIDENTIAL COOP UNITRPTT&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.

By year

YearTransfersMedian recordedLowestHighest
20242$309,250$288,500$330,000
20231$235,000--
20222$440,000$360,000$520,000
20213$295,000$265,000$355,000
20191$260,000--
20171$235,000--
20163$229,000$215,000$350,000
20153$275,000$215,000$287,500
20141$190,000--
20132$198,500$185,000$212,000
20123$170,000$150,000$180,000
20102$268,500$218,000$319,000
20091$212,000--
20082$292,500$255,000$330,000
20071$225,000--
20061$140,000--
20041$155,000--
02

The building on the lot

Section through the lot

LOT 22,000 SQ FT6
Drawn from PLUTO: 6 storeys, 58,902 sq ft of building on 22,000 sq ft of lot, an average floor plate covering 45% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
22,000 sq ft
Building area
58,902 sq ft
Residential area
58,902 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.68
Residential FAR permitted
1.5
Zoning district
R5
03

Assessment

Assessed land value
$246,600
Assessed total value
$2,864,700
Exempt value
$226,242
Assessed per residential unit
$53,050

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
D4ELEVATOR COOPERATIVE
Neighbourhood
Gravesend (South)
ZIP code
11235
Community district
Brooklyn 13
Council district
48
Coordinates
40.588771, -73.961857
05

Other buildings in Gravesend (South)

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
30 AVENUE VD369319561-
2475 WEST 16 STREETD43641963150$390k
2630 CROPSEY AVENUED43251963284$360k
2650 OCEAN PARKWAYD41901962209$284k
2525 WEST 2 STREETD41801957142$270k
9 MURDOCK COURTD118019491-
2650 CROPSEY AVENUED41611967132$385k
2670 COLBY COURTD112019511-
2677 COLBY COURTD112019511-
2775 SHORE PARKWAYD112019511-
49 BOKEE COURTD112019491-
556 AVENUE ZD112019511-

Every building on file in Gravesend (South)