$1,300,000
SOLD APR 11, 2025
0.11 Acre
$11,324,042 Price per Acre
5,000 Sq Ft Lot

Recently Sold

$598 Per Sq Ft

8% Above List Price

0 Day on Market

About This Lot

As of April 2025

Calling All Developers and Investors! This property, located at 1036 Summit Avenue, Bronx, NY 10452, is in the highly sought-after neighborhood of High Bridge, just minutes from Yankee Stadium. The property is conveniently situated next to major highways (including the Deegan Expressway/I-87), and close to subway stations (4, D, and B trains), offering easy access to both Manhattan and New Jersey. The lot size is 5,000 sq. ft. (50 ft x 100 ft) with a ground elevation of 113 ft. Zoned R7-1, the property has a Residential FAR of 3.44 and a Facility FAR of 4.8. The FAR as built is 0.43, with a maximum usable floor area of 17,200 sq. ft. and usable floor area as built of 2,150 sq. ft. There is unused FAR of 15,050 sq. ft., offering significant redevelopment potential. This is a fantastic opportunity for developers and investors looking to capitalize on a prime location in a rapidly growing area.

Last Agent to Sell the Property

Alex Baez

Baez Real Estate, Inc. License #10311209259 Listed on: 01/09/2025

Baez Real Estate, Inc.

Last Buyer's Agent

Alex Baez

Baez Real Estate, Inc. License #10311209259 Listed on: 01/09/2025

Baez Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,000

Lot Details

  • 5,000 Sq Ft Lot

Schools

  • Contact Agent Elementary And Middle School
  • Contact Agent High School

Listing and Financial Details

  • Assessor Parcel Number 02525-0016

Property Details

Property Type

Land

Est. Annual Taxes

$1,000

Lot Details

0

Listing Details

  • Property Type: Land
  • Current Use: Multi-Family
  • CurrentPrice: 1300000.00
  • MlsMajorChangeType: Sold
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 10452961.6725
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Contact Agent

Lot Info

  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Parcel Number: 02525-0016

Tax Info

  • Tax Annual Amount: 1000
  • Tax Year: 2024

MLS Schools

  • Elementary School: Contact Agent
  • High School: Contact Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2020
Sold by
Cuevas Iris
Bought by
The Iris Cuevas Irrevocable Trust
Current Estimated Value
$1,192,208

Purchase Details

Closed on
Sep 29, 1992
Sold by
Martinez Moises C
Bought by
Cuevas Iris and Martinez Moises C
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2025 04/11/25 Sold $1,300,000 0.0% $598 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
01/09/2025 01/09/25 Off Market $1,300,000 -- --
01/09/2025 01/09/25 For Sale $1,200,000 -- $552 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $438 $12,680 $4,095 $8,585
2024 $438 $11,963 $3,610 $8,353
2023 $491 $11,321 $3,336 $7,985
2022 $410 $40,860 $14,340 $26,520
2021 $416 $36,120 $14,340 $21,780
2020 $459 $39,120 $14,340 $24,780
2019 $384 $40,320 $14,340 $25,980
2018 $303 $9,434 $3,848 $5,586
2017 $264 $8,925 $4,416 $4,509
2016 $271 $8,925 $3,755 $5,170
2015 $69 $8,806 $3,449 $5,357
2014 $69 $8,308 $3,775 $4,533
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: 811823

OneKey® MLS

APN: 02525-0016