# 788 Fairmount Place, The Bronx

Apartment building · 23 units · built 2022 · Block 2954, Lot 21.

On Umarelli: https://umarelli.org/nyc/2029540021/788-fairmount-place

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

## Building permits

- Alteration, filed Feb 8, 2024, estimated cost $299K, described as “Installation of new plumbing and sprinkler system for multi-family 7 story residential building in conjunction with NB application #220727113.”
- Alteration, filed Feb 8, 2024, estimated cost $1K, described as “Installation of new mechanical system for multi-family 7 story residential building in conjunction with NB application #220727113.”
- Alteration, filed Oct 28, 2022, 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 Dec 7, 2021, estimated cost $12K, described as “Installation of construction fence as per the plans”
- Alteration, filed Aug 10, 2019, estimated cost $4.7M, described as “Filing for structural drawings in conjunction with NB # 220727113”

## Property taxes

- Assessment: $1,609,200
- 2026–27 tax: $2,612
- Market value (city estimate): $3,576,000
- Taxable value: $1,574,769
- Assessed land: $195,750
- Assessed improvements: $1,413,450

## Zoning

R7-1: floor area ratio 4.13 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Nov 12, 2021: $1,450,000
- May 4, 2017: $735,000

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 788 Fairmount Place in East Tremont, The Bronx](https://newyorkyimby.com/2020/03/permits-filed-for-788-fairmount-place-in-east-tremont-the-bronx.html), New York YIMBY, Mar 1, 2020.

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