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Queens / Jamaica / 11432

87-40 165 STREET

Boro4
Block9836
Lot1
BBL4098360001
Class D7
Residential units
118
Units in total
119
Storeys
6
Year built
1960
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
19 Apr 2019$15,750,000-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

PERMITTED, NOT BUILTLOT 36,737 SQ FT6
Drawn from PLUTO: 6 storeys, 121,138 sq ft of building on 36,737 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 (3.3) 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
36,737 sq ft
Building area
121,138 sq ft
Residential area
108,138 sq ft
Commercial area
13,000 sq ft
Office area
-
Retail area
13,000 sq ft
Buildings on the lot
1
Built floor area ratio
3.3
Residential FAR permitted
6.02
Zoning district
C4-4D
03

Assessment

Assessed land value
$1,487,700
Assessed total value
$3,929,400
Exempt value
$0
Assessed per residential unit
$33,300

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
D7ELEVATOR APT; SEMI-FIREPROOF WITH STORES
Neighbourhood
Jamaica
ZIP code
11432
Community district
Queens 8
Council district
24
Coordinates
40.709372, -73.798436
05

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