785 Fairmount Place, The Bronx
Apartment building · 25 units · built 2022 · Block 2955, Lot 48.
Building permits
- New Building — Multi-Family, filed Oct 20, 2021, estimated cost $3.5M, 25 units, 4 stories, described as “Proposed new four story & penthouse residential building.”
- Alteration, filed Jul 14, 2022, estimated cost $5K, described as “Installation of roof protection as per plans. Roof protection shall comply with chapter #33 of the 2014 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jun 28, 2022, estimated cost $5K, described as “Installation of 300PSF sidewalk shed and overhead protection as per plans. All equipment shall comply with chapter #33 of the 2014 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Mar 23, 2022, estimated cost $3K, described as “Plumbing application filed in conjunction with NB application # X00610084.”
- Alteration, filed Mar 3, 2022, estimated cost $3K, described as “Mechanical application filed in conjunction with new building job #X00610084.”
- Alteration, filed Feb 7, 2022, estimated cost $3K, described as “Curb Cut application filed herewith in conjunction with New Building, Job #X00610084”
- Alteration, filed Jan 19, 2022, estimated cost $3K, described as “Sprinkler application filed herewith in conjunction with NB application# X00610084.”
- Alteration, filed Dec 3, 2021, estimated cost $3K, described as “Structural application filed herewith in conjunction with NB job # X00610084.”
- Alteration, filed Dec 3, 2021, estimated cost $3K, described as “Foundation application filed herewith in conjunction with NB applicaiotn # X00610084.”
- Alteration, filed Nov 26, 2021, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
Property taxes
- Assessment
- $1,103,850
- 2026–27 tax
- $1,389
- Market value (city estimate)
- $2,453,000
- Taxable value
- $11,165
- Assessed land
- $99,000
- Assessed improvements
- $1,004,850
Tax breaks
- 421-a exemption, through Jun 30, 2058, about $135,919 a year below the full tax.
Zoning
R7-1: floor area ratio 2.49 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jan 13, 2022: $900,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 785 Fairmount Place in Crotona, The Bronx, New York YIMBY, Jan 7, 2023.