# 1023 Summit Avenue, The Bronx

Apartment building · 7 units · built 2022 · Block 2523, Lot 148.

On Umarelli: https://umarelli.org/nyc/2025230148/1023-summit-avenue

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

## 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.

## Recent sales

- Oct 22, 2021: $475,000

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

## Flood zone

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

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