# 256 Mt Hope Place, The Bronx

Apartment building · 42 units · built 2024 · Block 2802, Lot 32.

On Umarelli: https://umarelli.org/nyc/2028020032/256-mt-hope-place

More construction in Mount Hope and Mount Eden: https://umarelli.org/nyc/bronx/mount-hope-and-mount-eden.md

## Building permits

- New Building — Multi-Family, filed May 31, 2022, estimated cost $1.0M, 42 units, 8 stories, described as “New 8 story residential building”
- Alteration, filed Feb 6, 2024, estimated cost $5K, described as “Filing is for temporary sidewalk shed. No change in use, occupancy or egress.”
- Alteration, filed Feb 1, 2024, estimated cost $3K, described as “Foundation herewith filed for foundation element in conjunction with NB X00746868-I1”
- Demolition, filed Nov 16, 2023, estimated cost $10K, described as “Full demolition of a 2 1/2 story & basement frame building.”
- Alteration, filed May 31, 2022, estimated cost $3K, described as “Foundation herewith filed for foundation element in conjunction with NB X00746868-I1 This element is to be incorporated into the final foundation”

## Property taxes

- Assessment: $1,842,300
- 2026–27 tax: $3,008
- Market value (city estimate): $4,094,000
- Taxable value: $24,182
- Assessed land: $108,000
- Assessed improvements: $1,734,300

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $226,156 a year below the full tax.

## Zoning

R8: floor area ratio 5.03 built, 6.02 allowed by base zoning.

## Recent sales

- Jan 31, 2023: $845,000
- Jun 4, 2019: $600,000
- Feb 13, 2017: $430,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 256 Mount Hope Place in Tremont, The Bronx](https://newyorkyimby.com/2022/06/permits-filed-for-256-mount-hope-place-in-tremont-the-bronx.html), New York YIMBY, Jun 4, 2022.

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