987 Summit Avenue, The Bronx
Apartment building · 9 units · built c. 1925 · Block 2523, Lot 164.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $597,150
- 2026–27 tax
- $251
- Market value (city estimate)
- $1,327,000
- Taxable value
- $2,016
- Assessed land
- $6,300
- Assessed improvements
- $590,850
Tax breaks
- J-51 exemption, through Jun 30, 2040, about $13,156 a year below the full tax.
Zoning
R7-1 (part of the lot is M1-5): floor area ratio 3.43 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 6, 2024: $790,000
Open-market sales since 2016, from the Department of Finance’s sales files.