689 East 223rd Street, The Bronx
Apartment building · 23 units · built 2023 · Block 4825, Lot 12.
Building permits
- New Building — Multi-Family, filed Jun 7, 2021, estimated cost $1.1M, 23 units, 7 stories, described as “Proposed new 7 story residential building, 23 dwelling units, total construction square footage 16,393”
- Alteration, filed Aug 29, 2023, estimated cost $3K, described as “Installation of temporary suspended scaffolds per plan submitted. Work shall comply with 2022 building code chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jun 6, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, pipe scaffolding and roof protection as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed May 26, 2022, estimated cost $2K, described as “Foundation herewith filed for foundation element in conjunction with NB X00528618-I1. This element is to be incorporated into the final foundation”
- Alteration, filed Apr 6, 2022, estimated cost $1K, described as “Foundation work type filed in conjunction new building job number:X00528618-I1,”
Property taxes
- Assessment
- $1,239,750
- 2026–27 tax
- $12,261
- Market value (city estimate)
- $2,755,000
- Taxable value
- $98,571
- Assessed land
- $89,550
- Assessed improvements
- $1,150,200
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $141,951 a year below the full tax.
Zoning
R6 (part of the lot is R6A): floor area ratio 6.19 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jun 16, 2022: $2,000,000
- May 27, 2021: $480,000
Open-market sales since 2016, from the Department of Finance’s sales files.