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The Bronx / Tremont / 10457

709 FAIRMOUNT PLACE

Boro2
Block2950
Lot30
BBL2029500030
Class C1
Residential units
61
Units in total
61
Storeys
5
Year built
1926
Last alteration on file
-
Recorded transfers
4 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
18 Apr 2016$8,000,000-APARTMENT BUILDINGDEED
20 Mar 2015$6,650,000-APARTMENT BUILDINGDEED
23 Apr 2007$5,074,199-APARTMENT BUILDINGDEED
9 Aug 2004$3,790,000-APARTMENT BUILDINGDEEDO
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
DEEDO
DEED, OTHER. A conveyance the Register files under its other-deed category.

By year

YearTransfersMedian recordedLowestHighest
20161$8,000,000--
20151$6,650,000--
20071$5,074,199--
20041$3,790,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 20,000 SQ FT5
Drawn from PLUTO: 5 storeys, 49,135 sq ft of building on 20,000 sq ft of lot, an average floor plate covering 49% of it. The dashed outline is the difference between the floor area ratio already built (2.46) and the residential floor area ratio of the zoning district (3.44). It is a diagram of recorded figures, not a picture of the building.
Lot area
20,000 sq ft
Building area
49,135 sq ft
Residential area
49,135 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
2.46
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$270,000
Assessed total value
$1,339,200
Exempt value
$0
Assessed per residential unit
$21,954

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
Tremont
ZIP code
10457
Community district
The Bronx 6
Council district
15
Coordinates
40.84439, -73.891304
05

Other buildings in Tremont

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
1800 CROTONA PARK NORTHD328119620-
661 EAST 181 STREETD428119590-
2064 MAPES AVENUED724019720-
735 OAKLAND PLACED722119770-
4179 3RD AVENUERM18920181-
612 EAST 179 STREETD317720190-
2115 SOUTHERN BOULEVARDD716819730-
656 EAST 176TH STREETD715320230-
730 OAKLAND PLACED115219752-
740 EAST 178 STREETD115219732-
750 EAST 179 STREETD615219752-
1883 CROTONA AVENUED113420230-

Every building on file in Tremont