1245 CHAPEL ST
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Location
1245 CHAPEL ST
Mblu
297/ 0248/ 02001/ /
Acct#
297 0248 02001
Owner
1245 CHAPEL STREET LLC
Total Market Value
$20,840,960
Appraisal
$29,772,800
PID
106632
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$21,612,800$8,160,000$29,772,800
Assessment
Valuation YearImprovementsLandTotal
2025$15,128,960$5,712,000$20,840,960

Owner of Record
Owner1245 CHAPEL STREET LLC
Co-Owner
AddressC/O TWINING PROPERTIES
200 PARK AVE 17TH FL
NEW YORK, NY 10166
Sale Price$39,625,000
Certificate
Book & Page 9617/0068
Sale Date08/31/2017
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
1245 CHAPEL STREET LLC$39,625,000 9617/00680008/31/2017
RMS CHAPEL ST LLC$0 9169/0074 07/10/2014

Building Information
Building 1 : Section 1
Year Built: 2016
Living Area: 123,480
Replacement Cost: $21,280,211
Building Percent Good: 98
Replacement Cost
Less Depreciation:
$20,854,600
Building Attributes
FieldDescription
Style:Apt 1-7 st
ModelCommercial
GradeGood
Stories:6
Occupancy138.00
Exterior Wall 1Precast Panel
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Plaste
Interior Wall 2 
Interior Floor 1Fin WD/Carpet
Interior Floor 2 
Heating FuelGas/Oil
Heating TypeFA/HW/ST
AC TypeCentral
Bldg UseMIXED USE MDL-94
Total Rooms 
Total Bedrms 
Total Baths 
NBHD Code 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallTYPICAL
Rooms/PrtnsAVERAGE
Wall Height 
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
APTApartment 116,060 116,060
RETRetail Area 7,420 7,420
UBMUnfinished Basement 7,339 0
UGRGarage Under 17,110 0
   147,929 123,480

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
SPR1SPRINKLERS-WET123480.00 S.F.$314,600$220,2201
ELV2PASS ELEV6.00 STOPS$182,300$127,6101
ELV2PASS ELEV6.00 STOPS$182,300$127,6101

Land
Land Use
Use Code112C
DescriptionAPT Over12 MDL-94  
ZoneBD1
NeighborhoodCHAP
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.99
Frontage
Depth
Total Market Land$5,712,000
Appraised Value$8,160,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
PAV1PAVING-ASPHALT  20545.00 S.F.$79,000$55,3001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$21,612,800$8,160,000$29,772,800
2024$21,612,800$8,160,000$29,772,800
2023$21,612,800$8,160,000$29,772,800

Assessment
Valuation YearImprovementsLandTotal
2025$15,128,960$5,712,000$20,840,960
2024$15,128,960$5,712,000$20,840,960
2023$15,128,960$5,712,000$20,840,960

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