# 786 Fairmount Place, The Bronx

Apartment building · 8 units · built 2025 · Block 2954, Lot 20.

On Umarelli: https://umarelli.org/nyc/2029540020/786-fairmount-place

More construction in East Tremont: https://umarelli.org/nyc/bronx/east-tremont.md

## Building permits

- New Building — Multi-Family, filed Feb 20, 2025, 8 units, 4 stories, described as “New (4) story with penthouse (8) dwelling unit residential building. Obtain new certificate of occupancy.”
- Demolition, filed Mar 6, 2026
- Alteration, filed Oct 9, 2025, estimated cost $62K, described as “Installation of mechanical system in conjunction with X01183632-I1.”
- Alteration, filed Jul 22, 2025, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jul 17, 2025, estimated cost $40K, described as “Installation of plumbing and sprinkler system in conjunction with X01183632-I1.”
- Alteration, filed Mar 11, 2025, estimated cost $1K, described as “Filing for construction fence as per plans”

## Property taxes

- Assessment: $73,350
- 2026–27 tax: $1,803
- Market value (city estimate): $163,000
- Taxable value: $14,491
- Assessed land: $73,350

## Zoning

R7-1: floor area ratio 2.99 built, 3.44 allowed by base zoning.

## Recent sales

- Dec 16, 2024: $585,000
- Jun 23, 2023: $280,000

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

## Flood zone

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

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