# 1472 Shakespeare Avenue, The Bronx

Apartment building · 34 units · built 2022 · Block 2872, Lot 120.

On Umarelli: https://umarelli.org/nyc/2028720120/1472-shakespeare-avenue

More construction in Highbridge and Morris Heights: https://umarelli.org/nyc/bronx/highbridge-and-morris-heights.md

## Building permits

- New Building — Multi-Family, filed Aug 19, 2021, estimated cost $6.7M, 34 units, 7 stories, described as “New 7 story Residential Building”
- Alteration, filed Jul 29, 2022, described as “Herewith Filing New Plumbing Installation as per plans in conjunction with GC #X00558445-I1”
- Alteration, filed Jul 29, 2022, estimated cost $118K, described as “Installation of new Mechanical systems as per plans in conjunction with GC# X00558445.”
- Alteration, filed Jul 25, 2022, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, overhead protection and pipe scaffolding as per plans, all equipment shall comply with chapter # 33 of the NYC code 2014, no changes in use egress or occupancy under this application.”
- Alteration, filed Jul 21, 2022, described as “Herewith Filing New Sprinkler System Installation in Conjunction with GC # X00558445-I1”
- Alteration, filed Mar 15, 2022, estimated cost $342K, described as “Foundation and excavation in conjunction with NB app #X00558445-I1”
- Alteration, filed Mar 4, 2022, estimated cost $123K, described as “Support of excavation in conjunction with NB app #X00558445-I1”
- Alteration, filed Jan 3, 2022, estimated cost $5K, described as “Curb Cut filing filed in conjunction with NB Application #X00538823-I1”
- Alteration, filed Jul 20, 2021, estimated cost $5K, described as “Construction Fence filed in conjunction with NB Application # X00558445-I1”
- Alteration, filed May 2, 2019, estimated cost $3K, described as “8 ft plywood fence”
- Alteration, filed Aug 29, 2018, estimated cost $8K, described as “To construct a 8 foot ply wood fence for a demolition of a house & garage”

## Property taxes

- Assessment: $2,135,250
- 2026–27 tax: $1,581
- Market value (city estimate): $4,745,000
- Taxable value: $12,710
- Assessed land: $245,700
- Assessed improvements: $1,889,550

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $264,023 a year below the full tax.

## Zoning

R7-1: floor area ratio 3.81 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 12, 2021: $1,850,000
- May 22, 2018: $990,000

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 1472 Shakespeare Avenue in Highbridge, The Bronx](https://newyorkyimby.com/2022/07/permits-filed-for-1472-shakespeare-avenue-in-highbridge-the-bronx.html), New York YIMBY, Jul 28, 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