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Queens / Jamaica / 11432

88-44 161 STREET

Boro4
Block9764
Lot82
BBL4097640082
Class D1
Residential units
72
Units in total
72
Storeys
6
Year built
1939
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
12 Nov 2003$4,500,000-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 22,900 SQ FT6
Drawn from PLUTO: 6 storeys, 95,915 sq ft of building on 22,900 sq ft of lot, an average floor plate covering 70% of it. The dashed outline is the difference between the floor area ratio already built (4.19) 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
22,900 sq ft
Building area
95,915 sq ft
Residential area
95,915 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.19
Residential FAR permitted
5
Zoning district
R7X
03

Assessment

Assessed land value
$515,250
Assessed total value
$1,638,900
Exempt value
$0
Assessed per residential unit
$22,763

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
40.706763, -73.800777
05

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