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The Bronx / Longwood / 10459

870 EAST 162 STREET

Boro2
Block2690
Lot27
BBL2026900027
Class D3
Residential units
71
Units in total
71
Storeys
6
Year built
2001
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
25 Jun 2018$8,162,351-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 18,530 SQ FT6
Drawn from PLUTO: 6 storeys, 37,888 sq ft of building on 18,530 sq ft of lot, an average floor plate covering 34% of it. The dashed outline is the difference between the floor area ratio already built (2.04) and the residential floor area ratio of the zoning district (3.44). It is a diagram of recorded figures, not a picture of the building.
Lot area
18,530 sq ft
Building area
37,888 sq ft
Residential area
37,888 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.04
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$116,100
Assessed total value
$1,231,650
Exempt value
$1,231,650
Assessed per residential unit
$17,347

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
D3ELEVATOR APT; FIREPROOF WITHOUT STORES
Neighbourhood
Longwood
ZIP code
10459
Community district
The Bronx 2
Council district
17
Coordinates
40.821134, -73.900183
05

Other buildings in Longwood

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
975 SIMPSON STRR37620172-
951 HOE AVENUERM30020056-
970 KELLY STREETRR26819821-
1001 WHITLOCK AVENUED726520230-
1156 EAST 165 STRREETD725120250-
813 EAST 163 STREETD120019850-
1134 UNION AVENUED317519720-
980 WESTCHESTER AVENUERM15120200-
820 HEWITT PLACEC914419860-
899 WESTCHESTER AVENUERM14120140-
890 PROSPECT AVENUERM12420050-
960 PROSPECT AVERR12020170-

Every building on file in Longwood