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The Bronx / Concourse-Concourse Village / 10451

940 GRAND CONCOURSE

Boro2
Block2461
Lot45
BBL2024610045
Class D4Grand Concourse Historic District
Residential units
108
Units in total
108
Storeys
6
Year built
1927
Last alteration on file
-
Recorded transfers
10 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
31 Aug 2023$120,0005ISINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Jan 2022$150,0006LSINGLE RESIDENTIAL COOP UNITRPTT&RET
3 Dec 2020$120,0001SSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Jul 2019$140,00030SINGLE RESIDENTIAL COOP UNITRPTT&RET
23 May 2019$111,5402LSINGLE RESIDENTIAL COOP UNITRPTT&RET
11 Jun 2009$45,0001LSINGLE RESIDENTIAL COOP UNITRPTT
11 Jun 2009$45,0001KSINGLE RESIDENTIAL COOP UNITRPTT
6 Dec 2007$70,0001DSINGLE RESIDENTIAL COOP UNITRPTT&RET
9 Dec 2005$30,0002RSINGLE RESIDENTIAL COOP UNITRPTT&RET
3 Jun 2004$15,2002NSINGLE RESIDENTIAL COOP UNITRPTT
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.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20231$120,000--
20221$150,000--
20201$120,000--
20192$125,770$111,540$140,000
20092$45,000$45,000$45,000
20071$70,000--
20051$30,000--
20041$15,200--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 39,250 SQ FT6
Drawn from PLUTO: 6 storeys, 145,728 sq ft of building on 39,250 sq ft of lot, an average floor plate covering 62% of it. The dashed outline is the difference between the floor area ratio already built (3.71) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
39,250 sq ft
Building area
145,728 sq ft
Residential area
145,728 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
3.71
Residential FAR permitted
6.02
Zoning district
R8
03

Assessment

Assessed land value
$157,500
Assessed total value
$3,024,450
Exempt value
$0
Assessed per residential unit
$28,004

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
D4ELEVATOR COOPERATIVE
Neighbourhood
Concourse-Concourse Village
ZIP code
10451
Community district
The Bronx 4
Council district
16
Coordinates
40.828742, -73.920963
05

Other buildings in Concourse-Concourse Village

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
773 CONCOURSE VILLAGE ED493619640-
355 EXTERIOR STREETD771020250-
1020 GRAND CONCOURSED44531963375$300k
120 EAST 144 STREETD145220240-
900 GRAND CONCOURSED729819230-
261 GRAND CONCOURSED128320240-
425 GRAND CONCOURSERM27720200-
741 CONCOURSE VILLAGE WESTRM26520180-
800 GRAND CONCOURSED42541955191$270k
1169 RIVER AVENUERM24520200-
121 EAST 144 STREETD720620210-
280 EAST 161 STREETD120419802-

Every building on file in Concourse-Concourse Village