143 Lexington Avenue, Manhattan, NY 10016

$760,868 Assessed value

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Building

Building size1,369 sq ft
Building dimensions29 × 85 ft
Stories13
Sq ft per floor105 sq ft
Year built2006

Lot

Lot dimensions29 × 85 ft
Lot area2,465 sq ft

Details

Units1
ZoningC62A
Building classR4
OwnershipCondominium
Block / lotBlock 885 / Lot 1101

Floor Area Ratio (FAR)

Built FAR6.24
Max residential FAR6.02
Max commercial FAR6.00
Max facility FAR6.50

Taxes

Assessed value$760,868
Tax class2
Annual property tax$40,405
Rent regulatedUnknown

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About this property

143 Lexington Avenue was built in 2006 — roughly 20 years old. This is a condominium of 1 units — each unit is its own tax lot with its own bill. Search with a unit number for unit-level figures. 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 $40,405 per year ($3,367/month) before any abatements or exemptions the owner may receive.

The building is built out to essentially the full residential density its zoning allows (6.24 of 6.02 FAR), so there is little room to expand under current rules. Those figures are for residential use — a community-facility use (a doctor’s office, clinic, or school) raises the ceiling to 6.50 FAR, and the lot also carries a commercial allowance of 6.00 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.