$20,383,000 Assessed value
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| Building size | 110,672 sq ft |
|---|---|
| Stories | 19 |
| Sq ft per floor | 5,825 sq ft |
| Year built | 2024 |
| Lot dimensions | 74 × 97.58 ft |
|---|---|
| Lot area | 7,228 sq ft |
| Units | 70 |
|---|---|
| Zoning | C28A |
| Building class | D6 |
| Block / lot | Block 904 / Lot 1 |
| Built FAR | 15.31 |
|---|---|
| Max residential FAR | 10.00 |
| Max commercial FAR | 2.00 |
| Max facility FAR | 10.00 |
| Assessed value | $20,383,000 |
|---|---|
| Tax class | 2 |
| Annual property tax | $1,140,949 |
| Rent regulated | Unknown |
307 3 Avenue was built in 2024 — roughly 2 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 $1,140,949 per year ($95,079/month) before any abatements or exemptions the owner may receive.
The building already exceeds what current zoning would allow (15.31 built FAR vs. a maximum of 10.00) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules.
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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.