$410,000 Sold Jun 2026 · Unit 2I
$12,696,000 Assessed value
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| Building size | 141,000 sq ft |
|---|---|
| Building dimensions | 60.83 × 218.83 ft |
| Stories | 6 |
| Basement / garden level | No |
| Sq ft per floor | 20,143 sq ft (incl. the garden level) |
| Year built | 1954 |
| Lot dimensions | 230 × 179 ft |
|---|---|
| Lot area | 55,230 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 148 |
|---|---|
| Zoning | R7A |
| Building class | D4 |
| Ownership | Co-op building |
| 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 |
Terms on this page, explained →
118-60 Metropolitan Avenue was built in 1954 — roughly 72 years old. This is a co-op building with 148 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 953 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 $677,091 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $4,575 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 2I, for $410,000 in Jun 2026.
The building uses about 64% of the residential density its zoning allows (2.55 built FAR vs. a residential 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.