$410,000 Sold Jun 2026
$12,696,000 Assessed value
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| Building size | 141,000 sq ft |
|---|---|
| Building dimensions | 60.83 × 218.83 ft |
| Stories | 6 |
| Sq ft per floor | 23,500 sq ft |
| Year built | 1954 |
| Lot dimensions | 230 × 179 ft |
|---|---|
| Lot area | 55,230 sq ft |
| Units | 148 |
|---|---|
| Zoning | R7A |
| Building class | D4 |
| Block / lot | Block 3322 / Lot 24 |
| Built FAR | 2.55 |
|---|---|
| Max residential FAR | 4.00 |
| Max facility FAR | 4.00 |
| Last recorded sale | $410,000 (Jun 2026) |
|---|---|
| Assessed value | $12,696,000 |
| Tax class | 2 |
| Annual property tax | $677,091 |
| Exemptions / abatements | FOREST GARDENS OWNERS |
| Rent regulated | Co-op |
118-60 Metropolitan Avenue was built in 1954 — roughly 72 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 $677,091 per year ($56,424/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $410,000 in Jun 2026.
The building uses about 64% of the density its zoning allows (2.55 built FAR vs. a maximum of 4.00) — roughly 80,084 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.