$368,000 Sold Aug 2026 · Unit B56
$18,687,000 Assessed value
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| Building size | 200,466 sq ft |
|---|---|
| Building dimensions | 320 × 100 ft |
| Stories | 6 |
| Basement / garden level | No |
| Sq ft per floor | 33,411 sq ft |
| Year built | 1950 |
| Lot dimensions | 481.75 × 264.33 ft |
|---|---|
| Lot area | 162,400 sq ft |
| Units | 216 |
|---|---|
| Zoning | R5 |
| Building class | D4 |
| Ownership | Co-op building |
| Block / lot | Block 5016 / Lot 7 |
| Built FAR | 1.23 |
|---|---|
| Max residential FAR | 1.50 |
| Max facility FAR | 2.00 |
| Last recorded sale | $368,000 (Aug 2026) |
|---|---|
| Assessed value | $18,687,000 |
| Tax class | 2 |
| Annual property tax | $976,896 |
| Exemptions / abatements | HUNTER GARDENS OWNERS CORP |
| Rent regulated | Co-op |
Terms on this page, explained →
147-35 38 Avenue was built in 1950 — roughly 76 years old. This is a co-op building with 216 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 928 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 $976,896 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $4,523 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 B56, for $368,000 in Aug 2026.
The building uses about 82% of the residential density its zoning allows (1.23 built FAR vs. a residential maximum of 1.50) — roughly 43,848 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. Those figures are for residential use — a community-facility use (a doctor’s office, clinic, or school) raises the ceiling to 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.