42 WELLMAN ST
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Location
42 WELLMAN ST
Mblu
127/ 6225/ 42/ /
Parcel ID
L16510
Owner
RESIDENCES AT CROSSPOINT OWNER MA LLC
PBN
Assessment
$75,277,400
Appraisal
$75,277,400
Internal ID
111061
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$71,073,900$4,203,500$75,277,400
Assessment
Valuation YearImprovementsLandTotal
2026$71,073,900$4,203,500$75,277,400

Owner of Record
OwnerRESIDENCES AT CROSSPOINT OWNER MA LLC
Co-Owner
Address256 W 14TH ST, 5TH FLR
NEW YORK, NY 10011
Sale Price$85,075,000
Certificate
Book & Page 00238/0156
Sale Date11/27/2024
Instrument1U

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
RESIDENCES AT CROSSPOINT OWNER MA LLC$85,075,000 00238/01561U11/27/2024
SMC RESIDENCES AT CROSSPOINT LP$750,000 00221/01211U01/19/2018
CP LAND PARTNERS LLC$1 00220/01641F10/04/2017
CONNECTOR PARK EQUITY PARTNERS LLC$14,620,000 00213/01961V02/23/2015
LSREF2 CLOVER PROPERTY 17 LLC$10 00208/01701Q11/19/2012

Building Information
Building 1 : Section 1
Year Built: 2018
Living Area: 275,574
Replacement Cost: $74,832,749
Building Percent Good: 94
Replacement Cost
Less Depreciation:
$70,342,800
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage +20
Stories:6
Occupancy238.00
Exterior Wall 1Precast Panel
Exterior Wall 2Pre-finsh Metl
Roof StructurePrestres Concr
Roof CoverConcrete Tile
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Pergo
Interior Floor 2Carpet
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeHeat Pump
Struct Class 
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 229,644 229,644
BASFirst Floor 45,930 45,930
FGRGarage 128,000 0
   403,574 275,574

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR3DRY128000.00 S.F.$108,3001
SPR2WET/CONCEALED275000.00 S.F.$284,4001
ELV1PSSNGR ELEVTR6.00 STOP$112,8001
ELV1PSSNGR ELEVTR6.00 STOP$112,8001
ELV1PSSNGR ELEVTR6.00 STOP$112,8001

Land
Land Use
Use Code112C
DescriptionAPT OVER 8 MDL-94  
ZoneHRCO
NeighborhoodC400
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)6.66
Frontage0
Depth0
Assessed Value$4,203,500
Appraised Value$4,203,500

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$65,782,500$3,927,400$69,709,900
2024$63,351,100$3,671,500$67,022,600
2023$60,854,400$3,192,200$64,046,600

Assessment
Valuation YearImprovementsLandTotal
2025$65,782,500$3,927,400$69,709,900
2024$63,351,100$3,671,500$67,022,600
2023$60,854,400$3,192,200$64,046,600

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