$395,000 Sold Aug 2026 · Unit 702
$45,211,000 Assessed value
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| Building size | 272,000 sq ft |
|---|---|
| Building dimensions | 231 × 79 ft |
| Stories | 16 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 17,000 sq ft |
| Year built | 1958 |
| Lot dimensions | 310 × 377 ft |
|---|---|
| Lot area | 118,620 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 287 |
|---|---|
| Zoning | R7-1 |
| Building class | D4 |
| Ownership | Co-op building |
| Block / lot | Block 1905 / Lot 80 |
| Built FAR | 2.29 |
|---|---|
| Max residential FAR | 3.44 |
| Max facility FAR | 4.80 |
| Last recorded sale | $395,000 (Aug 2026) |
|---|---|
| Assessed value | $45,211,000 |
| Tax class | 2 |
| Annual property tax | $2,118,232 |
| Exemptions / abatements | WILLOUGHBY WALK COOP APARTMENT |
| Rent regulated | Co-op |
Terms on this page, explained →
195 Willoughby Avenue was built in 1958 — roughly 68 years old. This is a co-op building with 287 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 948 sq ft (building area divided by apartment count — individual units vary). 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. The corporation pays one building-wide tax bill — about $2,118,232 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $7,381 per apartment per year, though larger apartments carry more shares (and many primary residents get the co-op/condo abatement on top). The most recent recorded sale in the building was unit 702, for $395,000 in Aug 2026.
The building uses about 67% of the residential density its zoning allows (2.29 built FAR vs. a residential maximum of 3.44) — roughly 136,413 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. Those figures are for residential use — a community-facility use (a doctor’s office, clinic, or school) raises the ceiling to 4.80 FAR. 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.