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Manhattan / Financial District-Battery Park City / 10038

8 SPRUCE STREET

Recorded on the Digital Tax Map as SPRUCE STREET CONDOMINIUM.

Boro1
Block100
Lot7502
BBL1001007502
Class RM
Residential units
899
Units in total
902
Storeys
76
Year built
2007
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
15 Jun 2022$930,000,000-APARTMENT BUILDINGDEED
17 Dec 2012$539,000,000RR/RAPARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20221$930,000,000--
20121$539,000,000--
02

The building on the lot

Section through the lot

LOT 41,370 SQ FT76
Drawn from PLUTO: 76 storeys, 900,766 sq ft of building on 41,370 sq ft of lot, an average floor plate covering 29% of it. Bands are drawn to a maximum of 48. It is a diagram of recorded figures, not a picture of the building.
Lot area
41,370 sq ft
Building area
900,766 sq ft
Residential area
773,169 sq ft
Commercial area
127,597 sq ft
Office area
20,132 sq ft
Retail area
-
Buildings on the lot
1
Built floor area ratio
21.77
Residential FAR permitted
10
Zoning district
C6-4
03

Assessment

Assessed land value
$6,750,000
Assessed total value
$177,606,000
Exempt value
$109,201,200
Assessed per residential unit
$197,560

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
RM
Neighbourhood
Financial District-Battery Park City
ZIP code
10038
Community district
Manhattan 1
Council district
1
Coordinates
40.71097, -74.005677

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Financial District-Battery Park City

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
345 SOUTH END AVENUED61,71219830-
80 GOLD STREETD41,6411971567$710k
130 WATER STREETRM1,41819610-
115 BROAD STREETD51,32019690-
222 BROADWAYD478819611-
20 EXCHANGE PLACERM76219310-
2 GOLD STREETD865020030-
66 PINE STREETRM61219320-
160 WATER STREETD558819720-
127 JOHN STREETD857619733-
180 WATER STREETD657319710-
1 WALL STREETRM5661930170$1.41m

Every building on file in Financial District-Battery Park City