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The Bronx / Concourse-Concourse Village / 10451

491 GERARD AVENUE

Recorded on the Digital Tax Map as RAM HOUSING CONDOMINIUM.

Boro2
Block2351
Lot7501
BBL2023517501
Class RR
Residential units
153
Units in total
153
Storeys
12
Year built
2017
Last alteration on file
2015
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 25,890 SQ FT12
Drawn from PLUTO: 12 storeys, 113,262 sq ft of building on 25,890 sq ft of lot, an average floor plate covering 36% of it. The dashed outline is the difference between the floor area ratio already built (4.37) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
25,890 sq ft
Building area
113,262 sq ft
Residential area
113,262 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.37
Residential FAR permitted
6.02
Zoning district
M1-4/R8A
03

Assessment

Assessed land value
$522,000
Assessed total value
$12,010,500
Exempt value
$11,857,339
Assessed per residential unit
$78,500

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
RRCONDOMINIUM RENTALS
Neighbourhood
Concourse-Concourse Village
ZIP code
10451
Community district
The Bronx 1
Council district
8
Coordinates
40.818468, -73.929704
05

Other buildings in Concourse-Concourse Village

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
773 CONCOURSE VILLAGE ED493619640-
355 EXTERIOR STREETD771020250-
1020 GRAND CONCOURSED44531963375$300k
120 EAST 144 STREETD145220240-
900 GRAND CONCOURSED729819230-
261 GRAND CONCOURSED128320240-
425 GRAND CONCOURSERM27720200-
741 CONCOURSE VILLAGE WESTRM26520180-
800 GRAND CONCOURSED42541955191$270k
1169 RIVER AVENUERM24520200-
121 EAST 144 STREETD720620210-
280 EAST 161 STREETD120419802-

Every building on file in Concourse-Concourse Village