$305,000 Sold Jul 2026 · Unit 2019
$59,038,000 Assessed value
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| Building size | 215,715 sq ft |
|---|---|
| Building dimensions | 201 × 56 ft |
| Stories | 23.5 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 9,179 sq ft |
| Year built | 1927 |
| Lot dimensions | 200.83 × 58 ft |
|---|---|
| Lot area | 11,648 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 406 |
|---|---|
| Zoning | R10 |
| Building class | D4 |
| Ownership | Co-op building |
| Construction | Brick / Sandstone (landmarks record) |
| Block / lot | Block 1335 / Lot 22 |
| Built FAR | 18.52 |
|---|---|
| Max residential FAR | 10.00 |
| Max facility FAR | 10.00 |
| Last recorded sale | $305,000 (Jul 2026) |
|---|---|
| Assessed value | $59,038,000 |
| Tax class | 2 |
| Annual property tax | $2,809,164 |
| Exemptions / abatements | PROSPECT OWNERS CORP |
| Rent regulated | Co-op |
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45 Tudor City Place was built in 1927 — roughly 99 years old. This is a co-op building with 403 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 535 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 $2,809,164 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $6,971 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 2019, for $305,000 in Jul 2026.
City landmark records describe it as a Tudor Revival apartment hotel dating to 1926 - 1927, originally used as residential, hotel. It was designed by Fred F. French Company for Fred F. French Investing Company. It stands within the Tudor City Historic District.
The building already exceeds what current residential zoning would allow (18.52 built FAR vs. a residential maximum of 10.00) — 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.
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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.