# 987 Summit Avenue, The Bronx

Apartment building · 9 units · built c. 1925 · Block 2523, Lot 164.

On Umarelli: https://umarelli.org/nyc/2025230164/987-summit-avenue

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

Every lot on block 2523: https://umarelli.org/nyc/bronx/2523.md

## 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.

## Recent sales

- Aug 6, 2024: $790,000

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