$415,000 Sold Jun 2026
$8,662,000 Assessed value
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| Building size | 85,740 sq ft |
|---|---|
| Building dimensions | 106 × 116 ft |
| Stories | 9 |
| Sq ft per floor | 9,527 sq ft |
| Year built | 1939 |
| Lot dimensions | 112.58 × 145.67 ft |
|---|---|
| Lot area | 18,900 sq ft |
| Units | 83 |
|---|---|
| Zoning | R7A |
| Building class | D4 |
| Block / lot | Block 2243 / Lot 236 |
| Built FAR | 4.54 |
|---|---|
| Max residential FAR | 4.00 |
| Max facility FAR | 4.00 |
| Last recorded sale | $415,000 (Jun 2026) |
|---|---|
| Assessed value | $8,662,000 |
| Tax class | 2 |
| Annual property tax | $435,445 |
| Exemptions / abatements | PARK TERRACE GARDENS INC |
| Rent regulated | Co-op |
70 Park Terrace West was built in 1939 — roughly 87 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 $435,445 per year ($36,287/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $415,000 in Jun 2026.
The building already exceeds what current zoning would allow (4.54 built FAR vs. a maximum of 4.00) — 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.
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.