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Manhattan / Financial District-Battery Park City / 10038

85 SOUTH STREET

Boro1
Block72
Lot27
BBL1000720027
Class D2South Street Seaport Historic District
Residential units
24
Units in total
25
Storeys
8
Year built
1902
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
26 Mar 2015$901,469-APARTMENT BUILDINGRPTT&RET
9 Jun 2005$10,000,000-APARTMENT BUILDINGDEED
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.
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.

By year

YearTransfersMedian recordedLowestHighest
20151$901,469--
20051$10,000,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 7,618 SQ FT8
Drawn from PLUTO: 8 storeys, 52,005 sq ft of building on 7,618 sq ft of lot, an average floor plate covering 85% of it. The dashed outline is the difference between the floor area ratio already built (6.83) and the residential floor area ratio of the zoning district (10). It is a diagram of recorded figures, not a picture of the building.
Lot area
7,618 sq ft
Building area
52,005 sq ft
Residential area
46,205 sq ft
Commercial area
5,800 sq ft
Office area
-
Retail area
5,800 sq ft
Buildings on the lot
1
Built floor area ratio
6.83
Residential FAR permitted
10
Zoning district
C5-3
03

Assessment

Assessed land value
$517,500
Assessed total value
$2,673,000
Exempt value
$0
Assessed per residential unit
$111,375

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
D2ELEVATOR APT; ARTISTS IN RESIDENCE
Neighbourhood
Financial District-Battery Park City
ZIP code
10038
Community district
Manhattan 1
Council district
1
Coordinates
40.705859, -74.00444
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-
8 SPRUCE STREETRM89920072-
222 BROADWAYD478819611-
20 EXCHANGE PLACERM76219310-
2 GOLD STREETD865020030-
66 PINE STREETRM61219320-
160 WATER STREETD558819720-
127 JOHN STREETD857619733-
180 WATER STREETD657319710-

Every building on file in Financial District-Battery Park City