$1,665,000 Sold Jun 2026 · Unit 4B
$41,983,000 Assessed value
Calculate mortgage for this property →
| Building size | 138,470 sq ft |
|---|---|
| Building dimensions | 114 × 126 ft |
| Stories | 16 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 8,654 sq ft |
| Year built | 1929 |
| Lot dimensions | 80 × 140 ft |
|---|---|
| Lot area | 11,360 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 109 |
|---|---|
| Zoning | R9A |
| Building class | D4 |
| Ownership | Co-op building |
| Block / lot | Block 899 / Lot 32 |
| Built FAR | 12.19 |
|---|---|
| Max residential FAR | 7.52 |
| Max facility FAR | 7.50 |
| Last recorded sale | $1,665,000 (Jun 2026) |
|---|---|
| Assessed value | $41,983,000 |
| Tax class | 2 |
| Annual property tax | $2,082,893 |
| Exemptions / abatements | 242 APARTMENT CORP |
| Rent regulated | Co-op |
Terms on this page, explained →
323 2 Avenue was built in 1929 — roughly 97 years old. This is a co-op building with 105 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 1,319 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 $2,082,893 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $19,837 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 4B, for $1,665,000 in Jun 2026.
The building already exceeds what current residential zoning would allow (12.19 built FAR vs. a residential maximum of 7.52) — 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 · 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.