588 Timpson Place, The Bronx
Apartment building · 50 units · built c. 1920 · Block 2603, Lot 73.
Building permits
- Alteration, filed Jun 27, 2022, described as “Installation of temporary heavy duty sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
Property taxes
- Assessment
- $1,784,250
- 2026–27 tax
- $104,775
- Market value (city estimate)
- $3,965,000
- Taxable value
- $0
- Assessed land
- $44,550
- Assessed improvements
- $1,739,700
Tax breaks
- J-51 abatement, through Dec 31, 2035, a $3,051 credit this tax year.
Zoning
R7-1: floor area ratio 4.31 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.