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The Bronx / Longwood / 10459

975 SIMPSON ST

Recorded on the Digital Tax Map as THE FOX STREET CONDOMINIUM.

Boro2
Block2724
Lot7502
BBL2027247502
Class RR
Residential units
376
Units in total
377
Storeys
8
Year built
2017
Last alteration on file
2017
Recorded transfers
2 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
10 Dec 2021$38,638,355AFBULK SALE OF CONDOMINIUMSRPTT&RET
10 Dec 2021$590AFBULK SALE OF CONDOMINIUMS5 lotsRPTT&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

PERMITTED, NOT BUILTLOT 214,749 SQ FT8
Drawn from PLUTO: 8 storeys, 507,611 sq ft of building on 214,749 sq ft of lot, an average floor plate covering 30% of it. PLUTO records 6 buildings on this lot, so the mass drawn is their combined floor area. The dashed outline is the difference between the floor area ratio already built (2.36) and the residential floor area ratio of the zoning district (3.44). It is a diagram of recorded figures, not a picture of the building.
Lot area
214,749 sq ft
Building area
507,611 sq ft
Residential area
496,811 sq ft
Commercial area
10,800 sq ft
Office area
-
Retail area
-
Buildings on the lot
6
Built floor area ratio
2.36
Residential FAR permitted
3.44
Zoning district
R7-2
03

Assessment

Assessed land value
$1,159,560
Assessed total value
$15,536,610
Exempt value
$15,536,610
Assessed per residential unit
$41,321

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
RRCONDOMINIUM RENTALS
Neighbourhood
Longwood
ZIP code
10459
Community district
The Bronx 2
Council district
17
Coordinates
40.82377, -73.892588
05

Other buildings in Longwood

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
951 HOE AVENUERM30020056-
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