$985,000 Sold Jun 2026
$917,000 Assessed value
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| Building size | 2,320 sq ft |
|---|---|
| Building dimensions | 20 × 45 ft |
| Stories | 3 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 773 sq ft |
| Year built | 1950 |
| Lot dimensions | 21 × 100 ft |
|---|---|
| Lot area | 1,900 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 2 |
|---|---|
| Zoning | R4 |
| Building class | B1 |
| Construction | Brick (per DOF building class B1) |
| Block / lot | Block 7801 / Lot 74 |
| Built FAR | 1.22 |
|---|---|
| Max residential FAR | 1.00 |
| Max facility FAR | 2.00 |
| Last recorded sale | $985,000 (Jun 2026) |
|---|---|
| Assessed value | $917,000 |
| Tax class | 1 |
| Annual property tax | $8,418 |
| Rent regulated | Unlikely |
Terms on this page, explained →
1296 East 54 Street was built in 1950 — roughly 76 years old. For property-tax purposes it falls under Class 1 (one- to three-family homes), the class with the highest nominal rate (19.8433%) but assessments capped at 6% of market value with strict yearly growth limits. At the current assessment that works out to about $8,418 per year ($702/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $985,000 in Jun 2026.
The building already exceeds what current residential zoning would allow (1.22 built FAR vs. a residential maximum of 1.00) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules. Those figures are for residential use — a community-facility use (a doctor’s office, clinic, or school) raises the ceiling to 2.00 FAR.
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Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.