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The Bronx / Longwood / 10459

951 HOE AVENUE

Boro2
Block2742
Lot7501
BBL2027427501
Class RM
Residential units
300
Units in total
303
Storeys
8
Year built
2005
Last alteration on file
-
Recorded transfers
6 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
24 Dec 2020$934,000AAPARTMENT BUILDINGRPTT&RET
24 Dec 2020$337,000BAPARTMENT BUILDINGRPTT&RET
15 Jul 2009$22,621,380AAPARTMENT BUILDINGRPTT
15 Jul 2009$163,371,467AAPARTMENT BUILDINGRPTT
15 Jul 2009$55,483,869AAPARTMENT BUILDINGRPTT
15 Jul 2009$19,059,638BAPARTMENT BUILDINGRPTT
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
20202$635,500$337,000$934,000
20094$39,052,625$19,059,638$163,371,467
02

The building on the lot

Section through the lot

LOT 80,591 SQ FT8
Drawn from PLUTO: 8 storeys, 356,591 sq ft of building on 80,591 sq ft of lot, an average floor plate covering 55% of it. PLUTO records 2 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
80,591 sq ft
Building area
356,591 sq ft
Residential area
291,570 sq ft
Commercial area
65,021 sq ft
Office area
-
Retail area
9,205 sq ft
Buildings on the lot
2
Built floor area ratio
4.42
Residential FAR permitted
3.44
Zoning district
C4-4
03

Assessment

Assessed land value
$649,800
Assessed total value
$12,377,700
Exempt value
$12,318,398
Assessed per residential unit
$41,259

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
Longwood
ZIP code
10459
Community district
The Bronx 2
Council district
17
Coordinates
40.82225, -73.890697

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 Longwood

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
975 SIMPSON STRR37620172-
970 KELLY STREETRR26819821-
1001 WHITLOCK AVENUED726520230-
1156 EAST 165 STRREETD725120250-
813 EAST 163 STREETD120019850-
1134 UNION AVENUED317519720-
980 WESTCHESTER AVENUERM15120200-
820 HEWITT PLACEC914419860-
899 WESTCHESTER AVENUERM14120140-
890 PROSPECT AVENUERM12420050-
960 PROSPECT AVERR12020170-
920 WESTCHESTER AVENUERM11120100-

Every building on file in Longwood