3425 Gates Place, The Bronx
Apartment building · 62 units · built c. 1931 · Block 3324, Lot 19.
Building permits
- Alteration, filed Apr 24, 2024, estimated cost $8K, described as “Brick pointing, lintel replacement, sill replacement, brick replacement work as per plans. No change in use, occupancy or egress oroccupancy shall comply with CHAPTER#33 of 2022 the ny building code.”
- Alteration, filed Mar 8, 2024, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of 2022 the NYC building code. Live load 300PSF.”
- Alteration, filed Oct 28, 2022, estimated cost $8K, described as “Interior renovation as shown on plans filed herewith.”
Property taxes
- Assessment
- $1,829,250
- 2026–27 tax
- $22,852
- Market value (city estimate)
- $4,065,000
- Taxable value
- $855,900
- Assessed land
- $90,000
- Assessed improvements
- $1,739,250
Tax breaks
- J-51 exemption, through Jun 30, 2052, about $121,075 a year below the full tax.
- J-51 abatement, through Jun 30, 2038, a $63,312 credit this tax year.
- Solar abatement, through Jun 30, 2028, a $20,302 credit this tax year.
Zoning
R7-1: floor area ratio 4.57 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.