$985,000 Sold Jun 2026
$11,154,000 Assessed value
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| Building size | 46,620 sq ft |
|---|---|
| Building dimensions | 63 × 85 ft |
| Stories | 5 |
| Sq ft per floor | 9,324 sq ft |
| Year built | 1889 |
| Lot dimensions | 125 × 98.75 ft |
|---|---|
| Lot area | 12,497 sq ft |
| Units | 64 |
|---|---|
| Zoning | R8B |
| Building class | D4 |
| Block / lot | Block 771 / Lot 23 |
| Built FAR | 3.73 |
|---|---|
| Max residential FAR | 4.00 |
| Max facility FAR | 4.00 |
| Last recorded sale | $985,000 (Jun 2026) |
|---|---|
| Assessed value | $11,154,000 |
| Tax class | 2 |
| Annual property tax | $586,634 |
| Exemptions / abatements | 22321 OWNERS CORP |
| Rent regulated | Co-op |
223 West 21 Street was built in 1889 — roughly 137 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 $586,634 per year ($48,886/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $985,000 in Jun 2026.
The building uses about 93% of the density its zoning allows (3.73 built FAR vs. a maximum of 4.00) — roughly 3,374 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. 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.