$2,800,000 Sold Jun 2026 · Unit PHDE
$107,416,000 Assessed value
Calculate mortgage for this property →
| Building size | 350,000 sq ft |
|---|---|
| Building dimensions | 153.08 × 200 ft |
| Stories | 37 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 9,459 sq ft |
| Year built | 1967 |
| Lot dimensions | 153.08 × 200 ft |
|---|---|
| Lot area | 25,542 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 244 |
|---|---|
| Zoning | C1-9 |
| Building class | D4 |
| Ownership | Co-op building |
| Block / lot | Block 1448 / Lot 3 |
| Built FAR | 13.70 |
|---|---|
| Max residential FAR | 10.00 |
| Max commercial FAR | 2.00 |
| Max facility FAR | 10.00 |
| Last recorded sale | $2,800,000 (Jun 2026) |
|---|---|
| Assessed value | $107,416,000 |
| Tax class | 2 |
| Annual property tax | $5,546,285 |
| Exemptions / abatements | 300 EAST 74 STREET OWNERS CP |
| Rent regulated | Co-op |
Terms on this page, explained →
1408 2 Avenue was built in 1967 — roughly 59 years old. This is a co-op building with 235 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 1,489 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 $5,546,285 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $23,601 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 PHDE, for $2,800,000 in Jun 2026.
The building already exceeds what current residential zoning would allow (13.70 built FAR vs. a residential maximum of 10.00) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules. Those figures are for residential use — the lot also carries a commercial allowance of 2.00 FAR. This lot is associated with a co-op; individual apartments are owned as shares and taxed through the building.
All recent NYC sales · Manhattan property taxes · Property tax calculator · 421-a abatement check
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.