$2,630,000 Assessed value
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| Building size | 7,680 sq ft |
|---|---|
| Building dimensions | 25 × 80 ft |
| Stories | 4 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 1,920 sq ft |
| Year built | 1880 |
| Lot dimensions | 24.67 × 80 ft |
|---|---|
| Lot area | 1,974 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 5 |
|---|---|
| Zoning | C63X |
| Building class | K4 |
| Block / lot | Block 773 / Lot 40 |
| Built FAR | 3.89 |
|---|---|
| Max residential FAR | 9.00 |
| Max commercial FAR | 6.00 |
| Max facility FAR | 9.00 |
| Assessed value | $2,630,000 |
|---|---|
| Tax class | 4 |
| Annual property tax | $122,543 |
| Rent regulated | Unknown |
Terms on this page, explained →
224 7 Avenue was built in 1880 — roughly 146 years old. For property-tax purposes it falls under Class 4 (commercial and industrial property), taxed at 10.848% of taxable value. At the current assessment that works out to about $122,543 per year ($10,212/month) before any abatements or exemptions the owner may receive.
The building uses about 43% of the residential density its zoning allows (3.89 built FAR vs. a residential maximum of 9.00) — roughly 10,087 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. Those figures are for residential use — 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.