apartmentsforsalenyc
SourcesAdvertise

Publisher, not broker. A publisher of public records. Not a broker, no commission, no per-transaction fee. Advertising is flat fee and labelled. How this site makes money

Brooklyn / East New York-New Lots / 11207

971 JEROME STREET

Boro3
Block4423
Lot7501
BBL3044237501
Class RM
Residential units
540
Units in total
542
Storeys
0
Year built
-
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

Lot area
456,479 sq ft
Building area
423,957 sq ft
Residential area
421,960 sq ft
Commercial area
1,997 sq ft
Office area
1,997 sq ft
Retail area
-
Buildings on the lot
19
Built floor area ratio
0.93
Residential FAR permitted
1.5
Zoning district
R5
03

Assessment

Assessed land value
$5,992,011
Assessed total value
$21,449,841
Exempt value
$468,172
Assessed per residential unit
$39,722

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
East New York-New Lots
ZIP code
11207
Community district
Brooklyn 5
Council district
42
Coordinates
40.657667, -73.87704

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 East New York-New Lots

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
190 COZINE AVENUERM550-0-
875 PENNSYLVANIA AVENUED333619660-
910 HEGEMAN AVENUED110519690-
679 VAN SINDEREN AVENUERM10220180-
487 LIVONIA AVENUERM9020170-
494 GEORGIA AVENUERM90-0-
500 LIVONIA AVENUERM9020160-
679 NEW LOTS AVENUERM8720110-
443 ALABAMA AVENUEC18419711-
494 SHEFFIELD AVENUERM8420150-
523 VERMONT STREETD17419300-
404 SNEDIKER AVENUED77220180-

Every building on file in East New York-New Lots