Bronx  »  10456  »  Sherman Ave  »  1240 Sherman Ave

1240 Sherman Avenue, Bronx, NY 10456 - Property report

Also known as: 1240 Sherman Ave

Property image for 1240 Sherman Avenue, Bronx, NY 10456
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Property type

Elevator Apartment - Semi-fireproof without Stores (D1)

Year built

1927

Lot sq. ft.

14,200

Sale price

$8,500,000

General information

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Address
Primary address
1240 Sherman Avenue
ZIP code
10456
Neighborhood
Concourse Village
Borough
Bronx
Block & lot
02453-0041

Owner

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Building
Property type
Elevator Apartment - Semi-fireproof without Stores (D1)
Building sq. ft.
63,535
Building dimensions
142 ft x 87 ft
Buildings on lot
1
Stories
6
Year built
1927
Building material
Sales
Sale date
03/25/2020
Sale price
$8,500,000
Tax
Tax year
2026-2027
Property tax
$107,223
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
59
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
142 ft x 100 ft
Lot sq. ft.
14,200

Area overview

Walk score
89 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
67 /100.  Bikeable
School district
9
Community district
4
Closest police station
0.27 Miles
Closest fire station
0.05 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 1240 Sherman Avenue, Bronx, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 1240 Sherman Avenue, Bronx, NY 10456

Sale date Sale price Buyer name Seller name
03/25/2020 $8,500,000 XXXX XXXXXXX XXX. XXXXX XXX XXX-XXX XXXXXX XXXXXXXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/19/2024 - R UCC3 Continuation
(2024111400372001)		 XXXX XXXXXXX XXX XXXXX XXX XXX XXXX XXXXXXX XXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
04/10/2020 - R UCC3 Termination
(2020033100425011)		 XXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
04/07/2020 - R Initial UCC1
(2020032600621001)		 XXXX XXXXXXX XXX XXXXX XXX XXX XXXX XXXXXXX XXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
04/10/2020 - R
03/25/2020 - D		 Assignment of Leases and Rents
(2020033100425006)		 XXXX XXXXXXX XXX XXXXX XXX XXX XXXX XXXXXXX XXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
04/10/2020 - R
03/25/2020 - D		 Agreement
(2020033100425003)		 XXXX XXXXXXX XXX XXXXX XXX XXX XXXX XXXXXXX XXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
04/10/2020 - R
03/25/2020 - D		 Deed
(2020033100425002)		 XXXXXX XXXXXX XXXXXXXXXX XXX XXXX XXXXXXX XXX XXXXX XXX
04/10/2020 - R
03/19/2020 - D		 Termination of Assign of L&R
(2020033100425009)		 XXX XXXX XXXXXXXXX XXXX XXXXXX XXXXXX XXXXXXXXXX XXX
04/10/2020 - R
03/19/2020 - D		 Assignment, Mortgage
(2020033100425005)		 XXX XXXX XXXXXXXXX XXXX XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
05/10/2016 - R Initial UCC1
(2016050200118004)		 XXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX
05/10/2016 - R
04/07/2016 - D		 Assignment of Leases and Rents
(2016050200118003)		 XXXXXX XXXXXX XXXXXXXXXX XXX XXX XXXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1240 Sherman Avenue, Bronx, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$107,223
Municipal exemptions
Recent tax assessments
Market value
$4,317,000
Assessed value
$1,942,650

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $4,245,000 $1,910,250 $856,624 12.439% $209,785 $105,137 -47.25%
2024/25 $4,180,000 $1,881,000 $1,605,870 12.5% $200,734 $199,315 +6.07%
2023/24 $4,128,000 $1,857,600 $1,514,430 12.502% $189,334 $187,916 +8.57%
2022/23 $3,293,000 $1,481,850 $1,422,540 12.267% $174,503 $173,085 +9.64%
2021/22 $2,893,000 $1,301,850 $1,301,850 12.235% $159,281 $157,863 -8.84%
2020/21 $3,349,000 $1,507,050 $1,411,740 12.267% $173,178 $173,178 +1.45%
2019/20 $3,164,000 $1,423,800 $1,368,630 12.473% $170,709 $170,709 -3.19%
2018/19 $3,107,000 $1,398,150 $1,398,150 12.612% $176,335 $176,335 +10.03%
2017/18 $3,078,000 $1,385,100 $1,259,998 12.719% $160,259 $160,259 +8.34%
2016/17 $2,988,000 $1,344,600 $1,147,408 12.892% $147,924 $147,924 +11.70%
Permits

Permit information for 1240 Sherman Avenue, Bronx, NY

Filing date Job type Job status Job description Initial cost
02/14/2019 Alteration type 3
01/24/2019 Alteration
01/24/2019 Alteration
06/01/2018 Alteration type 3
05/22/2017 Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
04/02/2015 E-elevator
04/02/2014 E-elevator

*Most recent DOB violations on record for this property.

Neighborhood

Bronx commercial market stats

Review a detailed real estate market overview of Bronx and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Bronx and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$302

11.9% Y-o-Y

Q1 2026 median price/sq. ft.

$334

9.2% Y-o-Y

2025 median price/sq. ft.

$293

-1.7% Y-o-Y

Check out recently sold homes in Bronx and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Grand Concourse & 167th St at NE Corner
Station lines
B-D
Distance (miles)
0.116
View subway map

Access the detailed traffic volume map for 1240 Sherman Avenue, Bronx, NY 10456 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 1240 Sherman Avenue, Bronx, NY

1210 Sherman Ave, Bronx 1225 Sherman Ave, Bronx 1182 Sherman Ave, Bronx 1264 Sheridan Ave, Bronx 1210 Sheridan Ave, Bronx 1254 Sherman Ave, Bronx 232 E 169th St, Bronx 1275 Grant Ave, Bronx 1230 Sheridan Ave, Bronx 221 E 168th St, Bronx 1280 Sheridan Ave, Bronx 930 Sheridan Ave, Bronx 209 E 167th St, Bronx 1178 Sherman Ave, Bronx 1226 Sherman Ave, Bronx 1214 Sheridan Ave, Bronx 910 Sheridan Ave, Bronx 236 E 169th St, Bronx 231 E 167th St, Bronx 215 E 161st St, Bronx

Nearby ZIP codes for 1240 Sherman Avenue, Bronx, NY

10030, New York City, NY 10031, New York City, NY 10032, New York City, NY 10033, New York City, NY 10034, New York City, NY 10035, New York City, NY 10037, New York City, NY 10039, New York City, NY 10040, New York City, NY 10451, New York City, NY 10452, New York City, NY 10453, New York City, NY 10454, New York City, NY 10455, New York City, NY 10457, New York City, NY 10458, New York City, NY 10459, New York City, NY 10460, New York City, NY 10468, New York City, NY 10474, New York City, NY

Frequently asked questions

What is the year built for 1240 Sherman Avenue, Bronx, NY 10456?

The development at 1240 Sherman Avenue, Bronx, NY 10456 was built in 1927.

What is the total square footage of 1240 Sherman Avenue, Bronx, NY 10456?

1240 Sherman Avenue, Bronx, NY 10456 has a total of 63,535 square feet.

When was 1240 Sherman Avenue, Bronx, NY 10456 last sold and what was the sale price?

1240 Sherman Avenue, Bronx, NY 10456 was last sold on 03/25/2020 for $8,500,000.

What is the assessed value of 1240 Sherman Avenue, Bronx, NY 10456?

1240 Sherman Avenue, Bronx, NY 10456 is currently assessed at $1,942,650.

What are the property taxes for 1240 Sherman Avenue, Bronx, NY 10456?

The property taxes for 1240 Sherman Avenue, Bronx, NY 10456 total $108,641.

How many residential units does this building have?

This building has 59 residential unit(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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