$513,000 Sold Aug 2026 · Unit 1F
$18,920,000 Assessed value
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| Building size | 80,000 sq ft |
|---|---|
| Building dimensions | 111 × 129 ft |
| Stories | 6 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 13,333 sq ft |
| Year built | 1941 |
| Lot dimensions | 123.42 × 137 ft |
|---|---|
| Lot area | 16,200 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 83 |
|---|---|
| Zoning | C1-9 |
| Building class | D4 |
| Ownership | Co-op building |
| Block / lot | Block 943 / Lot 1 |
| Built FAR | 4.94 |
|---|---|
| Max residential FAR | 10.00 |
| Max commercial FAR | 2.00 |
| Max facility FAR | 10.00 |
| Last recorded sale | $513,000 (Aug 2026) |
|---|---|
| Assessed value | $18,920,000 |
| Tax class | 2 |
| Annual property tax | $1,011,265 |
| Exemptions / abatements | 303 EAST 37TH STREET OWNERS |
| Rent regulated | Co-op |
Terms on this page, explained →
686 2 Avenue was built in 1941 — roughly 85 years old. This is a co-op building with 83 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 964 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 $1,011,265 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $12,184 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 1F, for $513,000 in Aug 2026.
The building uses about 49% of the residential density its zoning allows (4.94 built FAR vs. a residential maximum of 10.00) — roughly 81,972 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 2.00 FAR. 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.