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Annual NYC Property Info — Brooklynian

Annual NYC Property Info

g2bdon
g2bdon
edited November -1 in Park Slope
To anyone interested: NYC has release it's annual property info (1-15-10) which details market value, assessment info, etc. Just enter borough, block and lot. Here's the link:
http://nycprop.nyc.gov/nycproperty/nynav/jsp/selectbbl.jsp

Comments

  • modsquad
    modsquad
    Thanks, G2BDON.
    I noticed that 2009 shows a "tentative" assessment. Do you know if that year can still be challanged?
  • g2bdon
    g2bdon
    Don't think so. You should be seeing "Final Assessment Roll" about 5-25-09 on that list. That would supersede the "Tentative Assessment Roll" from Jan, 2009. Generally speaking, you have until sometime in March (I believe) to challenge the tentative assessment before it is finalized in May. Go to below link, at the bottom, "how to appeal tentative assessment". That should help. Good luck.
    http://nyc.gov/html/dof/html/property/property_val_valuation.shtml#faq
  • the0ther
    the0ther
    that's really interesting info. i'm looking at the value history part, trying to see what kind of rent-increase i might expect. looks like their value dipped slightly this year...but i see it jumped from 380,000 to about 1 million 2007-2008. seems strange.
  • g2bdon
    g2bdon
    theOther-Don't put too much stock in the market values you are seeing as they relate to rent increases. A landlord - I am one- is not going to use these numbers as a basis for determining your rent. Rather he/she will assess the current comparable rental market and see what -if any- increase is sustainable. Of course, this only pertains to "market" rents and not those which are controlled (rent control or rent stabilized). Also, Mr. Bloomberg saw to it that NYC market values were brought up to real current values for obvious reasons. Traditionally they had lagged considerably.
  • the0ther
    the0ther
    thanks for the response. good info. maybe not good for me, but good info nonetheless.
  • kstan0211
    kstan0211
    G2BDON wrote: theOther-Don't put too much stock in the market values you are seeing as they relate to rent increases. A landlord - I am one- is not going to use these numbers as a basis for determining your rent. Rather he/she will assess the current comparable rental market and see what -if any- increase is sustainable. Of course, this only pertains to "market" rents and not those which are controlled (rent control or rent stabilized). Also, Mr. Bloomberg saw to it that NYC market values were brought up to real current values for obvious reasons. Traditionally they had lagged considerably.
    G2BDON - what type of adjustments are you making to rent these days? I just re-signed my lease with no increase, but I signed at the end of 2007, and I think I came in at a market high and feel like I could have asked for a decrease, as I see rents going down and know some people who were successful in negotiating downward
  • the0ther
    the0ther
    just my 2 cents...i'm living on Washington Ave, facing the street, 2nd floor studio apartment with about 200-225 sq ft, and am paying $975/month. i'm going to try to get a little relief and ask to go down to $800/month, as i've been unemployed for a year now...but with a new job starting next week.
  • g2bdon
    g2bdon
    Flexi- Tough question. I am fortunate to have great tenants who are paying decent rents. I reciprocate in every way that I can and would not ask for an increase irrespective of current market conditions. On the other hand I would not decrease because I am confident that I could get that amount again. It's a 2 way street. I know that my current tenants would echo my sentiments. I believe that you are in Windsor Terrace from your prior posts. My personal feeling is that WT is on the cusp of an upward spiral and will eclipse PS in the not too distant future. If you scan some of the properties listed in WT you will see that there was very little movement -up or down- even through last year's debacle. Keep your eye on PPW restaurants/bars; the armory; the park and particularly the 2 family homes in the area. Young couples w kids will buy/rent these types of homes for the room and outdoor space that you don't get with co-ops/condos. It's happening already. I could be wrong; wouldn't be the first time.
  • lilicrashes
    lilicrashes
    Yah, I think my rent is ok for my space (I *am* in WT and have been for 13 years) and am generally happy with the condition of the place and the relationship I have ....all extremely important after the nightmare of my last place after my landlord died and her son took over.

    I guess I'm just feeling like I might have been able to do better based on the stories I am hearing from people who are getting decreases or finding cheaper places.

    Either way, I'm in for at least another 11 months. Around 8 months from now I'll have to re-evaluate the market conditions and see where things are.

    I know they value me as a tenant - I'm pretty "ideal" in that regard - single, quiet, not much company, 13 years of paying rent on time every time, don't ask for much, etc.
  • g2bdon
    g2bdon
    Flexi- Just curious. What is your feel for the neighborhood specifically as to my comments about its moving in, for lack of a better word, an 'upward' direction?
  • spokinn
    spokinn
    I love this area. I think it's what people were looking for when they wanted to move to PS 20 years ago. It's perfect for me and I hope it doesn't become more commercial. However, I've seen it on the front page of the NYTimes real estate (my exact former block) and Time Out etc as the next hidden secret. I want it to stay that way, but don't think it will for much longer.
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