70 New Lane
Staten Island · Parcel 5028320068
220,435 sq ft
Building area
Analysis
AI-generated Risk: Medium
The property offers solid valuation and low immediate legal risk, but the over‑built status and existing safety‑violation debt constrain future development and add financial exposure.
The good
- Market value on record ($16,603,000) is more than double the assessed value ($7,471,350), indicating strong valuation upside
- Zero enforcement penalties and no legal proceedings reduce immediate financial risk
- Only one open safety violation and no open violations per unit suggest manageable compliance issues
- Building has a sizable average unit size of 796 sq ft, attractive for renters
The bad
- Built beyond its residential floor‑area limit (over‑built), limiting any future residential expansion
- Safety‑violation penalties of $36,000 are material and reflect an unpaid report requirement
- Unused buildable square footage (163,578 sq ft) cannot be utilized because the building is already over‑built
- No arms‑length sale recorded, making price discovery uncertain
Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.
What the numbers say
Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.
Already larger than residential zoning would allow
The building occupies a floor-area ratio of 1.15, against a residential limit of 1.00 — it is over that limit by 0.15. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands. A higher limit of 2.00 does apply to community-facility use, which produces an apparent 163,578 sq ft of headroom — but that is not residential floor area and is not interchangeable with it. Reading that number as room for more apartments is the most expensive mistake available in this data.
A light open-violation load
Only 1 violation is currently open across 277 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.
Assessed value trend
Assessed value has risen 9.3% across the 5 assessment years on record (2023 to 2027), standing at $7,471,350. Because tax is levied on the assessed figure rather than on market value, a sustained move here tends to show up in the bill.
Development & zoning
Floor-area ratio
| Built | 1.15 |
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| Residential limit | 1.00 |
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| Commercial limit | 0.00 |
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| Community-facility limit | 2.00 |
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Development headroom (calculated) calculated
| Highest permitted ratio | 2.00 |
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| Unused ratio | 0.85 |
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| Unused buildable area | 163,578 sq ft |
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| Lot area | 192,445 sq ft |
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Value & taxes
Assessment
| Assessed total | $7,471,350 |
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| Assessed land | $1,305,000 |
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| Assessed building | $6,166,350 |
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| Market value on record | $16,603,000 |
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| Assessed as % of market | 45.0% |
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Tax
| Tax class | 2 |
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| Taxable assessed | $7,471,350 |
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| Tax rate | 12.502% |
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| Estimated annual levy | $934,068.18 |
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| Tax exemption (assessed value) | Nyc Housing Auth — $7,471,350 (through 2028) |
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The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.
Assessed value by year
| Year | Assessed value | Change |
|---|
| 2027 | $7,471,350 | — |
| 2026 | $7,437,600 | +0.5% |
| 2025 | $7,086,600 | +5.0% |
| 2024 | $7,203,600 | -1.6% |
| 2023 | $6,836,850 | +5.4% |
Building & occupancy
Structure
| Year built | 1982 |
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| Floors | 10 |
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| Building area | 220,435 sq ft |
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| Residential area | 220,435 sq ft |
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| Commercial area | — |
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Occupancy
| Total units | 277 |
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| Residential units | 277 |
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| Residential Avg unit size | 796 sq ft (calculated) |
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| Building class | D3 |
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Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Clifton (SIR) — 0.78 mi |
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| School district | 31 |
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| Police precinct | 120 |
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| Nearest firehouse | Battalion 21/Engine 152 — 256 Hylan Blvd. |
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Location risk
| Flood zone | High-risk (Zone AE) |
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| Hurricane evacuation zone | Zone 2 |
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| Projected floodplain | In the projected 2050s floodplain |
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Energy & emissions
| Energy use intensity | 93.6 kBtu/ft² |
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| Greenhouse-gas emissions | 1,341 metric tons/yr |
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Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
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| 9 New Lane | 2026-04-22 | $635,000 | 1,152 | $551 |
| 6 New Lane, 1g | 2026-03-06 | $800,000 | — | — |
| 6 New Lane, 1h | 2026-03-06 | $800,000 | — | — |
| 6 New Lane, 7b | 2026-01-13 | $455,000 | — | — |
| 24 Scarboro Avenue | 2025-12-04 | $700,000 | 1,864 | $376 |
| 6 New Lane, 6h | 2025-05-12 | $395,000 | — | — |
| 35 New Lane | 2025-02-28 | $810,000 | 2,530 | $320 |
| N/a New Lane | 2025-01-30 | $1,400,000 | — | — |
Record activity
Compliance calculated
| Open violations | 1 |
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| Open per residential unit | 0.0 (calculated) |
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| Enforcement penalties | $0.00 |
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| Safety-violation penalties | Not available |
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| Total penalties owed | $36,000.00 (calculated) |
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| On tax-lien sale list | No |
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Activity
| Complaints recorded | 126 |
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| Permits / alterations | 24 |
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| Recorded documents | 0 |
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| Legal proceedings | 0 |
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Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.
Ownership & last recorded sale
Owner of record
| Owner | City of New York |
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| Parcel | 5028320068 |
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| Block | 2832 |
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| Lot | 68 |
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Last recorded transfer
| Date | — |
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| Recorded price | — |
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| Price per unit | Not meaningful |
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| Price vs assessed | Not meaningful |
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Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.
Open violations
Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.
Complaints
A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.
Showing the 50 most recent of 126. The full set is available in the interactive report.
Permits & alterations
The absence of a permit does not prove no work was done — it may equally mean work was done without one.
About this page
Compiled from New York City public records — data retrieved 5 days ago. Coverage on this parcel: 15 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.
This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.