$712,000 Sold Jun 2026
$40,122,000 Assessed value
Calculate mortgage for this property →
| Building size | 144,942 sq ft |
|---|---|
| Building dimensions | 225 × 99 ft |
| Stories | 7 |
| Sq ft per floor | 20,706 sq ft |
| Year built | 1976 |
| Lot dimensions | 224.58 × 98.75 ft |
|---|---|
| Lot area | 22,177 sq ft |
| Units | 180 |
|---|---|
| Zoning | R8B |
| Building class | D4 |
| Block / lot | Block 905 / Lot 6 |
| Built FAR | 6.54 |
|---|---|
| Max residential FAR | 4.00 |
| Max facility FAR | 4.00 |
| Last recorded sale | $712,000 (Jun 2026) |
|---|---|
| Assessed value | $40,122,000 |
| Tax class | 2 |
| Annual property tax | $2,062,283 |
| Exemptions / abatements | PENNY LANE OWNERS CORP |
| Rent regulated | Co-op |
205 East 24 Street was built in 1976 — roughly 50 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 $2,062,283 per year ($171,857/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $712,000 in Jun 2026.
The building already exceeds what current zoning would allow (6.54 built FAR vs. a maximum of 4.00) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules. 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
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.