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Manhattan / Lower East Side / 10002

78 CLINTON STREET

Boro1
Block348
Lot48
BBL1003480048
Class C7
Residential units
28
Units in total
34
Storeys
5
Year built
1920
Last alteration on file
-
Recorded transfers
2 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
9 Jun 2009$2,554,070-APARTMENT BUILDINGRPTT&RET
9 Jun 2009$25,499-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

PERMITTED, NOT BUILTLOT 7,288 SQ FT5
Drawn from PLUTO: 5 storeys, 24,585 sq ft of building on 7,288 sq ft of lot, an average floor plate covering 67% of it. PLUTO records 3 buildings on this lot, so the mass drawn is their combined floor area. The dashed outline is the difference between the floor area ratio already built (3.37) and the residential floor area ratio of the zoning district (4). It is a diagram of recorded figures, not a picture of the building.
Lot area
7,288 sq ft
Building area
24,585 sq ft
Residential area
20,165 sq ft
Commercial area
4,420 sq ft
Office area
-
Retail area
3,700 sq ft
Buildings on the lot
3
Built floor area ratio
3.37
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$483,750
Assessed total value
$2,369,700
Exempt value
$1,895,760
Assessed per residential unit
$84,632

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
C7WALK-UP APT. OVER SIX FAMILIES WITH STORES
Neighbourhood
Lower East Side
ZIP code
10002
Community district
Manhattan 3
Council district
1
Coordinates
40.718805, -73.984921
05

Other buildings in Lower East Side

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
409 GRAND STREETD48801960621$860k
357 GRAND STREETD48661960608$890k
570 GRAND STREETD48391955563$740k
453 FDR DRIVED48331955552$728k
530 GRAND STREETD45251949398$690k
CLINTON STREETD640019720-
199 BROOME STREETRM37920211-
95 EAST HOUSTON STREETRM36120031-
133 PITT STREETD926320101-
180 BROOME STREETRM26320180-
500 GRAND STREETD42581949174$663k
207 EAST HOUSTON STREETD824320061-

Every building on file in Lower East Side