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Queens / Jamaica / 11432

88-21 162 STREET

Boro4
Block9768
Lot19
BBL4097680019
Class C1
Residential units
22
Units in total
22
Storeys
4
Year built
1938
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
27 Jul 2004$1,220,000-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 6,200 SQ FT4
Drawn from PLUTO: 4 storeys, 18,400 sq ft of building on 6,200 sq ft of lot, an average floor plate covering 74% of it. The dashed outline is the difference between the floor area ratio already built (2.97) and the residential floor area ratio of the zoning district (5). It is a diagram of recorded figures, not a picture of the building.
Lot area
6,200 sq ft
Building area
18,400 sq ft
Residential area
18,400 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.97
Residential FAR permitted
5
Zoning district
R7X
03

Assessment

Assessed land value
$139,500
Assessed total value
$575,550
Exempt value
$0
Assessed per residential unit
$26,161

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
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Jamaica
ZIP code
11432
Community district
Queens 12
Council district
24
Coordinates
40.707847, -73.799494
05

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