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Queens / Jamaica / 11432

90-05 161 STREET

Boro4
Block9760
Lot22
BBL4097600022
Class D6
Residential units
43
Units in total
44
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 9,811 SQ FT8
Drawn from PLUTO: 8 storeys, 54,496 sq ft of building on 9,811 sq ft of lot, an average floor plate covering 69% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
9,811 sq ft
Building area
54,496 sq ft
Residential area
51,996 sq ft
Commercial area
2,500 sq ft
Office area
-
Retail area
2,500 sq ft
Buildings on the lot
1
Built floor area ratio
5.55
Residential FAR permitted
6.02
Zoning district
C4-4D
03

Assessment

Assessed land value
$220,950
Assessed total value
$2,031,300
Exempt value
$1,542,668
Assessed per residential unit
$47,240

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
40.705379, -73.799068
05

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Every building on file in Jamaica