$765,000 Sold Jun 2026
$18,920,000 Assessed value
Calculate mortgage for this property →
| Building size | 80,000 sq ft |
|---|---|
| Building dimensions | 111 × 129 ft |
| Stories | 6 |
| Sq ft per floor | 13,333 sq ft |
| Year built | 1941 |
| Lot dimensions | 123.42 × 137 ft |
|---|---|
| Lot area | 16,200 sq ft |
| Units | 83 |
|---|---|
| Zoning | C1-9 |
| Building class | D4 |
| 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 | $765,000 (Jun 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 |
686 2 Avenue was built in 1941 — roughly 85 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 $1,011,265 per year ($84,272/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $765,000 in Jun 2026.
The building uses about 49% of the density its zoning allows (4.94 built FAR vs. a maximum of 10.00) — roughly 81,972 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.
All recent NYC sales · Manhattan property taxes
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.