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Queens / Jamaica / 11432

89-14 PARSONS BOULEVARD

Recorded on the Digital Tax Map as THE QFC CONDOMINIUM.

Boro4
Block9755
Lot7501
BBL4097557501
Class RM
Residential units
346
Units in total
358
Storeys
12
Year built
2006
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
28 Sep 2023$105,171,185DBULK SALE OF CONDOMINIUMSRPTT
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 75,537 SQ FT12
Drawn from PLUTO: 12 storeys, 364,397 sq ft of building on 75,537 sq ft of lot, an average floor plate covering 40% of it. The dashed outline is the difference between the floor area ratio already built (4.82) and the residential floor area ratio of the zoning district (7.52). It is a diagram of recorded figures, not a picture of the building.
Lot area
75,537 sq ft
Building area
364,397 sq ft
Residential area
199,382 sq ft
Commercial area
165,015 sq ft
Office area
16,936 sq ft
Retail area
148,079 sq ft
Buildings on the lot
1
Built floor area ratio
4.82
Residential FAR permitted
7.52
Zoning district
C6-3A
03

Assessment

Assessed land value
$1,699,650
Assessed total value
$28,982,700
Exempt value
$24,986,920
Assessed per residential unit
$83,765

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
Jamaica
ZIP code
11432
Community district
Queens 12
Council district
27
Coordinates
40.70519, -73.802232

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 Jamaica

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
166-20 90 AVENUED761420220-
163-05 ARCHER AVENUED760520210-
147-25 94TH AVENUERM54320210-
147- 40 ARCHER AVENUERM53920170-
94-15 SUTPHIN VOULEVARDD652420240-
147-35 95 AVENUED352120230-
147-36 94 AVENUERR37920170-
92-27 160 STREETD731520200-
89-12 162 STREETD622720250-
153-10 88TH AVED722320220-
92-33 170 STREETD421619720-
89-38 164 STREETD120019280-

Every building on file in Jamaica