# 1258 Shakespeare Ave, The Bronx

Apartment building · 90 units · built 2022 · Block 2506, Lot 82.

On Umarelli: https://umarelli.org/nyc/2025060082/1258-shakespeare-avenue

More construction in Highbridge and Morris Heights: https://umarelli.org/nyc/bronx/highbridge-and-morris-heights.md

## Building permits

- New Building — Large Residential, filed Mar 14, 2022, 90 units, 7 stories, described as “Proposed seven (7) story residential building.”
- Alteration, filed Aug 23, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 23, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 4, 2022, estimated cost $1K, described as “Curb cut 10' filed in conjunction with NB job number: X00694049-I1”
- Alteration, filed Dec 16, 2021, estimated cost $1K, described as “Installation of a temporary construction fence filed in conjunction with NB application #X00694049-I1”

## Property taxes

- Assessment: $4,293,450
- 2026–27 tax: $29,171
- Market value (city estimate): $9,541,000
- Taxable value: $234,510
- Assessed land: $339,750
- Assessed improvements: $3,953,700

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $504,892 a year below the full tax.

## Zoning

R7-1: floor area ratio 4.15 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Feb 23, 2022: $700,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Housing Lottery Launches for 1258 Shakespeare Avenue in Highbridge, The Bronx](https://newyorkyimby.com/2023/09/housing-lottery-launches-for-1258-shakespeare-avenue-in-highbridge-the-bronx.html), New York YIMBY, Sep 28, 2023.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology