241/251 Sherman Avenue is a property in Manhattan (BBL 1-2223-5), classified as mixed residential & commercial, built in 1927, owned by FLGSP 241/251 SHERMAN AVE LLC. Crezly estimates about $3.1M in outstanding mortgage debt secured against it. The building has about 63,445 square feet across 76 units. It last recorded a sale of $4.77M on 2026-04-21.
| Land use | Mixed residential & commercial |
|---|---|
| Building class | C7 |
| Zoning district | R7A |
| Year built | 1927 |
| Floors | 5 |
| Total units | 76 (72 residential) |
| Building area | 63,445 sqft |
| Lot area | 22,500 sqft |
| Built FAR | 2.82 of 4.00 max |
| Assessed value | $1.8M |
This lot appears to carry roughly 26,550 sqft of unused development rights (the gap between its built and maximum FAR). What is FAR?
The recorded owner is FLGSP 241/251 SHERMAN AVE LLC. Crezly estimates about $3.1M in outstanding mortgage debt secured against this property.
This building is in Washington Heights & Inwood, Manhattan. See the neighborhood's recent sales, median prices and top owners.