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The Bronx / Melrose / 10455

587 WALES AVENUE

Boro2
Block2641
Lot30
BBL2026410030
Class D1
Residential units
36
Units in total
36
Storeys
5
Year built
1905
Last alteration on file
1999
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

LOT 5,174 SQ FT5
Drawn from PLUTO: 5 storeys, 24,392 sq ft of building on 5,174 sq ft of lot, an average floor plate covering 94% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
5,174 sq ft
Building area
24,392 sq ft
Residential area
24,392 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.71
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$104,850
Assessed total value
$833,400
Exempt value
$0
Assessed per residential unit
$23,150

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
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Melrose
ZIP code
10455
Community district
The Bronx 1
Council district
8
Coordinates
40.813575, -73.907297
05

Other buildings in Melrose

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
645 WESTCHESTER AVENUED31,00719581-
2862 PARK AVENUED749819740-
720 WESTCHESTER AVENUED348819630-
550 CAULDWELL AVENUED347119601-
600 BERGEN AVENUERM28020180-
526A EAST 159 STREETR32651993177$335k
BROOK AVENUED725420250-
700 BROOK AVENUERM222201089$285k
2950 PARK AVENUED321619831-
556 BERGEN AVENUERM21420180-
510 EAST 156 STREETD620819781-
655 MORRIS AVENUED717620150-

Every building on file in Melrose