$562,500 Sold Jun 2026
$74,721,000 Assessed value
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| Building size | 532,006 sq ft |
|---|---|
| Building dimensions | 30 × 268 ft |
| Stories | 12 |
| Sq ft per floor | 44,334 sq ft |
| Year built | 1949 |
| Lot dimensions | 390.58 × 330.67 ft |
|---|---|
| Lot area | 129,224 sq ft |
| Units | 533 |
|---|---|
| Zoning | R7-2 |
| Building class | D4 |
| Block / lot | Block 331 / Lot 120 |
| Built FAR | 4.12 |
|---|---|
| Max residential FAR | 3.44 |
| Max facility FAR | 6.50 |
| Last recorded sale | $562,500 (Jun 2026) |
|---|---|
| Assessed value | $74,721,000 |
| Tax class | 2 |
| Annual property tax | $4,118,722 |
| Exemptions / abatements | HILLMAN HOUSING CORPORATION |
| Rent regulated | Co-op |
530 Grand Street was built in 1949 — roughly 77 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 $4,118,722 per year ($343,227/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $562,500 in Jun 2026.
The building uses about 63% of the density its zoning allows (4.12 built FAR vs. a maximum of 6.50) — roughly 307,553 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.