$465,000 Sold Jun 2026 · Unit 2C
$3,939,000 Assessed value
Calculate mortgage for this property →
| Building size | 14,852 sq ft |
|---|---|
| Building dimensions | 40 × 80 ft |
| Stories | 6 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 2,475 sq ft |
| Year built | 1928 |
| Lot dimensions | 40 × 107 ft |
|---|---|
| Lot area | 3,825 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 25 |
|---|---|
| Zoning | R8B |
| Building class | D4 |
| Ownership | Co-op building |
| Block / lot | Block 1324 / Lot 11 |
| Built FAR | 3.88 |
|---|---|
| Max residential FAR | 4.00 |
| Max facility FAR | 4.00 |
| Last recorded sale | $465,000 (Jun 2026) |
|---|---|
| Assessed value | $3,939,000 |
| Tax class | 2 |
| Annual property tax | $216,675 |
| Rent regulated | Co-op |
Terms on this page, explained →
223 East 50 Street was built in 1928 — roughly 98 years old. This is a co-op building with 24 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 619 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 $216,675 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $9,028 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 2C, for $465,000 in Jun 2026.
The building is built out to essentially the full residential density its zoning allows (3.88 of 4.00 FAR), so there is little room to expand under current 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 · 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.