1047 Summit Avnue, The Bronx
Apartment building · 6 units · built 2006 · Block 2523, Lot 141.
Building permits
- Alteration, filed Aug 2, 2021, estimated cost $100K, described as “Alteration type 1 application to existing 3 story + cellar. Existing 3 family proposed 4 family building. Merging two tax lots # 131 and #142 into sincle tax lot and single zoning lot.”
- Alteration, filed Aug 2, 2021, estimated cost $100K, described as “Alteration type 1 application to existing 3 story + cellar. Existing 3 family proposed 4 family building.”
Property taxes
- Assessment
- $357,750
- 2026–27 tax
- $137
- Market value (city estimate)
- $795,000
- Taxable value
- $1,105
- Assessed land
- $54,450
- Assessed improvements
- $303,300
Tax breaks
- 421-a exemption, through Jun 30, 2034, about $44,363 a year below the full tax.
Zoning
R7-1: floor area ratio 2.18 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jun 7, 2016: $751,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.