$535,000 Sold Jun 2026
$172,959,000 Assessed value
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| Building size | 883,265 sq ft |
|---|---|
| Building dimensions | 54 × 178 ft |
| Stories | 15 |
| Sq ft per floor | 58,884 sq ft |
| Year built | 1950 |
| Lot dimensions | 1278 × 200 ft |
|---|---|
| Lot area | 313,647 sq ft |
| Units | 1026 |
|---|---|
| Zoning | R7-1 |
| Building class | D4 |
| Block / lot | Block 86 / Lot 11 |
| Built FAR | 2.82 |
|---|---|
| Max residential FAR | 3.44 |
| Max facility FAR | 4.80 |
| Last recorded sale | $535,000 (Jun 2026) |
|---|---|
| Assessed value | $172,959,000 |
| Tax class | 2 |
| Annual property tax | $8,439,650 |
| Exemptions / abatements | CONCORD VILLAGE |
| Rent regulated | Co-op |
175 Adams Street was built in 1950 — roughly 76 years old. For property-tax purposes it falls under Class 2 (residential buildings with four or more units, condos and co-ops), taxed at 12.439% of a taxable value based on 45% of the city’s income-derived market value. At the current assessment that works out to about $8,439,650 per year ($703,304/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $535,000 in Jun 2026.
The building uses about 59% of the density its zoning allows (2.82 built FAR vs. a maximum of 4.80) — roughly 621,021 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. This lot is associated with a co-op; individual apartments are owned as shares and taxed through the building.
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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.