577 East 161st Street, The Bronx
Apartment building · 13 units · built 2021 · Block 2620, Lot 53.
Building permits
- New Building — Multi-Family, filed Mar 25, 2021, estimated cost $2.1M, 13 units, 4 stories, described as “New 4 Story + Cellar Residential Building”
- Alteration, filed Jul 11, 2022, estimated cost $9K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jan 5, 2022, estimated cost $5K, described as “Temporary installation of heavy duty sidewalk shed as per drawings during general construction work . No change in use, egress, and occupancy. Sidewalk shed to comply with chapter 33 of the NYC building code of 2014.”
- Alteration, filed Aug 9, 2021, estimated cost $208K, described as “Structural work as per plans, in conjunction with NB Application #X00487269-I1”
- Alteration, filed Jul 2, 2021, estimated cost $114K, described as “Plumbing work as per plans, in conjunction with NB Application #X00487269-I1”
- Alteration, filed Jul 2, 2021, estimated cost $9K, described as “Mechanical work to be done, as per plans, in conjunction with NB Application #X00487269-I1”
- Alteration, filed Jul 2, 2021, estimated cost $116K, described as “Sprinkler work filed in conjunction with NB Application #X00487269”
- Alteration, filed Jun 24, 2021, estimated cost $45K, described as “Foundation and Earthwork Filed in conjunction with NB Application # X00487269-I1”
- Alteration, filed Apr 30, 2021, estimated cost $5K, described as “Construction fence filed in conjunction with NB Application #X00487269-I1”
Property taxes
- Assessment
- $535,050
- 2026–27 tax
- $11,587
- Market value (city estimate)
- $1,189,000
- Taxable value
- $93,150
- Assessed land
- $105,750
- Assessed improvements
- $429,300
Tax breaks
- 421-a exemption, through Jun 30, 2058, about $54,968 a year below the full tax.
Zoning
C4-4: floor area ratio 2.60 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Nov 12, 2020: $405,000
Open-market sales since 2016, from the Department of Finance’s sales files.