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Queens / Jamaica / 11432

88-35 164 STREET

Boro4
Block9814
Lot6
BBL4098140006
Class D1
Residential units
162
Units in total
162
Storeys
6
Year built
1962
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 Dec 2012$7,079,281-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 40,128 SQ FT6
Drawn from PLUTO: 6 storeys, 156,240 sq ft of building on 40,128 sq ft of lot, an average floor plate covering 65% of it. The dashed outline is the difference between the floor area ratio already built (3.89) 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
40,128 sq ft
Building area
156,240 sq ft
Residential area
156,240 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.89
Residential FAR permitted
6.02
Zoning district
C4-4D
03

Assessment

Assessed land value
$617,400
Assessed total value
$5,154,750
Exempt value
$0
Assessed per residential unit
$31,819

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
Jamaica
ZIP code
11432
Community district
Queens 12
Council district
24
Coordinates
40.708126, -73.797098
05

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Every building on file in Jamaica