1023 Summit Avenue, The Bronx
Apartment building · 7 units · built 2022 · Block 2523, Lot 148.
Building permits
- New Building — Multi-Family, filed Feb 24, 2022, estimated cost $2.0M, 7 units, 4 stories, described as “New apartment building”
- Alteration, filed Jan 3, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 9, 2022, estimated cost $1K, described as “Provide new plumbing and sprinkler system in conjunction with NB #X00685796.”
- Alteration, filed Jul 29, 2022, estimated cost $1K, described as “8' high construction fence around property perimeter”
Property taxes
- Assessment
- $391,950
- 2026–27 tax
- $262
- Market value (city estimate)
- $871,000
- Taxable value
- $2,105
- Assessed land
- $39,600
- Assessed improvements
- $352,350
Tax breaks
- 485-x exemption, through Jun 30, 2035, about $48,493 a year below the full tax.
Zoning
R7-1: floor area ratio 2.09 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Oct 22, 2021: $475,000
Open-market sales since 2016, from the Department of Finance’s sales files.