985 Summit Avenue, The Bronx
Apartment building · 13 units · built 2014 · Block 2523, Lot 165.
Building permits
- Alteration, filed May 11, 2018, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed for new building as per plans. No change in use occupancy or egress under this application. Live load 300 per square feet. Sidewalk shed shall comply with chapter # 33 of the 2014 code”
Property taxes
- Assessment
- $772,650
- 2026–27 tax
- $1,455
- Market value (city estimate)
- $1,717,000
- Taxable value
- $11,700
- Assessed land
- $24,750
- Assessed improvements
- $747,900
Tax breaks
- 421-a exemption, through Jun 30, 2034, about $94,655 a year below the full tax.
Zoning
R7-1 (part of the lot is M1-5): floor area ratio 4.42 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.