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Brooklyn / Kensington / 11218

723 EAST 5 STREET

Boro3
Block5399
Lot67
BBL3053990067
Class C1
Residential units
21
Units in total
21
Storeys
4
Year built
1930
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
23 Aug 2016$5,050,000-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
02

The building on the lot

Section through the lot

LOT 6,600 SQ FT4
Drawn from PLUTO: 4 storeys, 21,840 sq ft of building on 6,600 sq ft of lot, an average floor plate covering 83% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
6,600 sq ft
Building area
21,840 sq ft
Residential area
21,840 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.31
Residential FAR permitted
1.5
Zoning district
R5
03

Assessment

Assessed land value
$96,300
Assessed total value
$705,600
Exempt value
$0
Assessed per residential unit
$33,600

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
Kensington
ZIP code
11218
Community district
Brooklyn 12
Council district
40
Coordinates
40.634629, -73.973547
05

Other buildings in Kensington

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
135 OCEAN PARKWAYD42861965347$521k
333 MCDONALD AVENUED126819600-
217 EAST 7 STREETD117419510-
303 BEVERLEY ROADD4150195685$520k
455 OCEAN PARKWAYD614719640-
370 OCEAN PARKWAYD41331961118$622k
415 BEVERLEY ROADD4130196378$520k
465 EAST 7 STREETD412519630-
515 EAST 7 STREETD41231961122$465k
70 DAHILL ROADD112219342-
280 OCEAN PARKWAYD4114194186$445k
540 OCEAN PARKWAYD4114196245$385k

Every building on file in Kensington