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Brooklyn / Spring Creek-Starrett City / 11239

881 ERSKINE STREET

Recorded on the Digital Tax Map as 881 ERSKINE STREET CONDOMINIUM.

Boro3
Block4586
Lot7503
BBL3045867503
Class RM
Residential units
144
Units in total
145
Storeys
9
Year built
2018
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
2 Nov 2017$1,000,000RESIMULTIPLE RESIDENTIAL CONDO UNTDEED
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

LOT 19,974 SQ FT9
Drawn from PLUTO: 9 storeys, 131,324 sq ft of building on 19,974 sq ft of lot, an average floor plate covering 73% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
19,974 sq ft
Building area
131,324 sq ft
Residential area
120,286 sq ft
Commercial area
11,038 sq ft
Office area
-
Retail area
11,038 sq ft
Buildings on the lot
1
Built floor area ratio
6.57
Residential FAR permitted
0.75
Zoning district
R3-2
03

Assessment

Assessed land value
$723,150
Assessed total value
$11,741,400
Exempt value
$10,765,683
Assessed per residential unit
$81,538

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
RM
Neighbourhood
Spring Creek-Starrett City
ZIP code
11239
Community district
Brooklyn 5
Council district
42
Coordinates
40.657558, -73.86803

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in Spring Creek-Starrett City

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
180 BETHEL LOOPD32,92619703-
1540 VAN SICLEN AVENUED32,22919752-
1325 PENNSYLVANIA AVENUED32,22219722-
1260 CROTON LOOPD31,16819723-
1155 PENNSYLVANIA AVENUED31,09219713-
35 INSPIRATION LANED646020250-
6 VITAL AVENUERM45120220-
ERSKINE STREETD642520250-
894 FOUNTAIN AVENUERM42220180-
911 ERSKINE STREETRM26720170-
FOUNTAIN AVENUED320920250-
10 SCHROEDER'S WALKRM20020181-

Every building on file in Spring Creek-Starrett City