516 Timpson Place, The Bronx
Apartment building · 7 units · built c. 1931 · Block 2600, Lot 191.
Building permits
- Alteration, filed Aug 24, 2026, estimated cost $20K, described as “Create an additional doorway access between garage space and residential space, for convenience (no code required)”
- Alteration, filed Dec 29, 2025, estimated cost $15K, described as “Remove existing illegal partition walls as stated on violation no. 39158042L”
Property taxes
- Assessment
- $560,700
- 2026–27 tax
- $18,264
- Market value (city estimate)
- $1,246,000
- Taxable value
- $146,827
- Assessed land
- $5,400
- Assessed improvements
- $555,300
Zoning
M1-2: floor area ratio 1.50 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Feb 12, 2016: $285,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 147th Street Rezoning (City Planning P2015X0275): Completed, decided Oct 27, 2016. This is a private application by MLK Plaza LLC, requesting a zoning map amendment to facilitate a new 12-story, 165 unit residential development on East 147th Street, between Timpson and Austin Place in Community District 1 in the Bronx.…