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Queens / Jamaica / 11432

89-44 162 STREET

Boro4
Block9760
Lot25
BBL4097600025
Class D6
Residential units
43
Units in total
45
Storeys
8
Year built
2003
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
26 Jun 2015$30,500,000-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

LOT 14,321 SQ FT8
Drawn from PLUTO: 8 storeys, 98,187 sq ft of building on 14,321 sq ft of lot, an average floor plate covering 86% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
14,321 sq ft
Building area
98,187 sq ft
Residential area
94,687 sq ft
Commercial area
3,500 sq ft
Office area
3,500 sq ft
Retail area
-
Buildings on the lot
1
Built floor area ratio
6.86
Residential FAR permitted
6.02
Zoning district
C4-4D
03

Assessment

Assessed land value
$483,300
Assessed total value
$4,277,700
Exempt value
$4,109,540
Assessed per residential unit
$99,481

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
D6ELEVATOR APT; FIREPROOF WITH STORES
Neighbourhood
Jamaica
ZIP code
11432
Community district
Queens 12
Council district
27
Coordinates
40.705417, -73.79866
05

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Every building on file in Jamaica