# 1677 Townsend Avenue, The Bronx

Apartment building · 35 units · built 2022 · Block 2848, Lot 24.

On Umarelli: https://umarelli.org/nyc/2028480024/1677-townsend-avenue

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 Aug 4, 2021, estimated cost $3.0M, 35 units, 7 stories, described as “New 7-story 35-family residential building”
- Alteration, filed Jul 6, 2022, estimated cost $1K, described as “Application for the installation of suspended scaffold filled here in. No changes in egress, use or occupancy.”
- Alteration, filed May 10, 2022, estimated cost $1K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 6, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 19, 2022, estimated cost $1K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 4, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $2,408,400
- 2026–27 tax: $1,738
- Market value (city estimate): $5,352,000
- Taxable value: $13,972
- Assessed land: $78,750
- Assessed improvements: $2,329,650

## Tax breaks

- 421-a exemption, through Jun 30, 2058, about $297,843 a year below the full tax.

## Zoning

R8: floor area ratio 6.97 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jul 22, 2021: $1,900,000

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 1677 Townsend Avenue in Tremont, The Bronx](https://newyorkyimby.com/2021/09/permits-filed-for-1677-townsend-avenue-in-tremont-the-bronx.html), New York YIMBY, Sep 2, 2021.

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