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The Bronx / Highbridge / 10452

1008 SUMMIT AVENUE

Boro2
Block2525
Lot3
BBL2025250003
Class C1
Residential units
42
Units in total
42
Storeys
5
Year built
1916
Last alteration on file
2003
Recorded transfers
1 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
16 Nov 2020$4,254,501-APARTMENT BUILDING2 lotsRPTT&RET
RPTT&RET
BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.
02

The building on the lot

Section through the lot

LOT 9,500 SQ FT5
Drawn from PLUTO: 5 storeys, 41,500 sq ft of building on 9,500 sq ft of lot, an average floor plate covering 87% of it. PLUTO records 2 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
9,500 sq ft
Building area
41,500 sq ft
Residential area
41,500 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
2
Built floor area ratio
4.37
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$42,750
Assessed total value
$518,850
Exempt value
$518,850
Assessed per residential unit
$12,354

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
C1OVER SIX FAMILIES WITHOUT STORES
Neighbourhood
Highbridge
ZIP code
10452
Community district
The Bronx 4
Council district
16
Coordinates
40.833422, -73.929811
05

Other buildings in Highbridge

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1387 UNIVERSITY AVENUED142220250-
1131 OGDEN AVENUED140019471-
105 WEST 168 STREETD728319312-
1000 ANDERSON AVENUED121119312-
1038 ANDERSON AVENUEC117219260-
939 WOODYCREST AVENUED716719280-
1380 UNIVERSITY AVENUED414019671-
1434 OGDEN AVENUED713020050-
1187 ANDERSON AVENUED112919292-
900 OGDEN AVENUED112020011-
1177 ANDERSON AVENUED4119192982$99k
1314 NELSON AVENUED111520020-

Every building on file in Highbridge