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The Bronx / Morrisania / 10451

825 MELROSE AVENUE

Boro2
Block2406
Lot21
BBL2024060021
Class D1
Residential units
80
Units in total
80
Storeys
8
Year built
2003
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
9 Oct 2024$11,219,624-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

PERMITTED, NOT BUILTLOT 14,865 SQ FT8
Drawn from PLUTO: 8 storeys, 66,000 sq ft of building on 14,865 sq ft of lot, an average floor plate covering 55% of it. The dashed outline is the difference between the floor area ratio already built (4.44) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
14,865 sq ft
Building area
66,000 sq ft
Residential area
66,000 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.44
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$66,150
Assessed total value
$1,498,500
Exempt value
$1,498,500
Assessed per residential unit
$18,731

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Morrisania
ZIP code
10451
Community district
The Bronx 3
Council district
17
Coordinates
40.823305, -73.914625
05

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Every building on file in Morrisania