# 3425 Gates Place, The Bronx

Apartment building · 62 units · built c. 1931 · Block 3324, Lot 19.

On Umarelli: https://umarelli.org/nyc/2033240019/3425-gates-place

More construction in Bedford Park and Norwood: https://umarelli.org/nyc/bronx/bedford-park-and-norwood.md

Every lot on block 3324: https://umarelli.org/nyc/bronx/3324.md

## 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.

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