Free account includes 3 full due diligence reports — no credit card requiredSign Up Free →
← Address Lookup
NYC Building Records · BBL 3070850039

1978 WEST 3 STREET

Brooklyn · Block 7085 · Lot 39 · Two-family converted (Class B3)

1978 WEST 3 STREET is a Class B3 (two-family converted) building in Brooklyn (BBL 3070850039) built in 1925, with 2 residential units across 2 floors.

The building is in NYC community district 311, council district 44, zoning district R4-1, on a 2,050-square-foot lot with a building footprint of 1,440 square feet.

The current registered owner of record per NYC PLUTO is FEN LU.

The most recent ACRIS deed transfer for this BBL was recorded on April 11, 2023 when PALMERI, JOHN conveyed the property to LU, FEN for $1.05M. The transaction was financed with a $683K mortgage from Cathay Bank.

Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.

Owner of record

FEN LU

Most recent deed

Last transferred on Apr 11, 2023 for $1.1M to LU, FEN.
Previous owner: PALMERI, JOHN
Mortgage: $683K recorded Apr 11, 2023 with Cathay Bank. Loan-to-value: 65%.
🔒 See full deed history for this building →

Recent ACRIS documents (last 3)

DateTypeAmountParties
Apr 11, 2023MTGE$683KParties redacted — full names in MetroDeeds Scout+
Apr 11, 2023DEED$1.1MParties redacted — full names in MetroDeeds Scout+
Jun 22, 2022MTGE$200KParties redacted — full names in MetroDeeds Scout+
🔒 Unlock party names + multi-decade history →

Building stats

Units
2
Year built
1925
Class
B3
Borough
Brooklyn
Zoning:
R4-1
Lot size:
2,050 sqft
Building area:
1,440 sqft
Floors:
2
Assessed value:
$67K
Community district:
311
Council district:
44

HPD violations

0 open
No open violations on record. Source: NYC HPD.
🔒 See full violation history →

Recent HPD violation details

No open HPD violations recorded for this building.

Recent ACRIS activity

3 documents in the last 5 years (most recent Apr 11, 2023).

Other buildings in this portfolio

LU, FEN controls 16 NYC buildings. Top properties by HPD violation count:

Frequently asked questions about 1978 WEST 3 STREET

Who owns 1978 WEST 3 STREET?

The current registered owner of record for 1978 WEST 3 STREET per NYC PLUTO is FEN LU. The most recent ACRIS deed transfer for this BBL was recorded on April 11, 2023 when the property was conveyed to LU, FEN. PLUTO ownership is refreshed monthly by NYC Department of Finance; the registered owner may not reflect transactions recorded within the last 30 days.

When was 1978 WEST 3 STREET last sold?

The most recent ACRIS deed transfer for 1978 WEST 3 STREET was recorded on April 11, 2023, when PALMERI, JOHN conveyed the property to LU, FEN for $1.05M. The transaction was financed with a $683K mortgage from Cathay Bank.

How many HPD violations does 1978 WEST 3 STREET have?

No open HPD housing-maintenance code violations are on record for 1978 WEST 3 STREET. The building is not registered with NYC HPD's landlord-registration system, which is typical for owner-occupied 1-2 family dwellings. HPD violation data is pulled daily from the NYC Open Data violations feed.

What is the assessed value of 1978 WEST 3 STREET?

NYC Department of Finance assesses 1978 WEST 3 STREET at $67K for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.

What building class is 1978 WEST 3 STREET and what does that mean?

1978 WEST 3 STREET is NYC building class B3 — Two-family converted. A two-family dwelling that was converted from a one-family. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.

More from MetroDeeds

Go deeper on this building

Open full Landlord Intel for 1978 WEST 3 STREET
Every deed, every violation, court cases, mortgages, and operator portfolio — in one panel.
Get the full deed history for 1978 WEST 3 STREET
3 free reports per month with a MetroDeeds account. No credit card required.
Sign Up Free