# 785 Fairmount Place, The Bronx

Apartment building · 25 units · built 2022 · Block 2955, Lot 48.

On Umarelli: https://umarelli.org/nyc/2029550048/785-fairmount-place

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

## 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.

## Recent sales

- Jan 13, 2022: $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 785 Fairmount Place in Crotona, The Bronx](https://newyorkyimby.com/2023/01/permits-filed-for-785-fairmount-place-in-crotona-the-bronx.html), New York YIMBY, Jan 7, 2023.

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