New York City » 10462 » Wallace Ave » 1961 Wallace Ave

1961 Wallace Avenue, Bronx, NY 10462 - Property report

Also known as: 1961 Wallace Ave

Property image for 1961 Wallace Avenue, Bronx, NY 10462

Property type

Two Family Frame (B2)

Year built

1905

Lot sq. ft.

2,375

Sale price

$890,000

General information

Address

Primary address

1961 Wallace Avenue

ZIP code

10462

Neighborhood

Van Nest

Borough

Bronx

Block & lot

04260-0038

Building

Property type

Two Family Frame (B2)

Building sq. ft.

3,216

Building dimensions

22 ft x 48 ft

Buildings on lot

Stories

Year built

1905

Building material

Frame

Exterior wall

Aluminum/Vinyl

Basement

Sales

Sale date

05/06/2025

Sale price

$890,000

Tax

Tax year

2026-2027

Property tax

$6,797

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Wallace Avenue (narrow)

Nearest wide street

Bronxdale Avenue

Distance to wide street

Lot dimensions

25 ft x 95 ft

Lot sq. ft.

2,375

Area overview

Walk score

84 /100. Very Walkable

Transit score

95 /100. Rider's Paradise

Bike score

80 /100. Very Bikeable

School district

Community district

Closest police station

0.89 Miles

Closest fire station

0.23 Miles

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

Ownership

Ownership information for 1961 Wallace Avenue, Bronx, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 1961 Wallace Avenue, Bronx, NY 10462

Sale date	Sale price	Buyer name	Seller name
05/06/2025	$890,000	XXXXXXX, XXXXXX XXX XXXXXXX, XXXXXXXX	XXXXXXXX, XXXXXXXXX
08/07/2012	$5,500	XXXXXXXX, XXXXXXXXX	XXX XXXXX- XXXXXX, XXXXXXX X XXXXXXX
01/06/2006	$540,000	XXXXXXX, XXXXXXX	XXXXXXXXXX, XXXX XXX XXXXXXXXXX, XXXXXXX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/05/2025 - R 05/29/2025 - D	Satisfaction of Mortgage (2025060500192001)	XXXXXXXX XXXXXXXXX	XXXXXXXXXX XXXXXXXX XXXXXXX XXX
06/02/2025 - R 05/29/2025 - D	Assignment, Mortgage (2025053000770001)	XXX XXXXX XXXXX XXXXX	XXXXXXXX XXXX XXXXXXXXXX XXXXXXXX XXX
05/30/2025 - R 05/27/2025 - D	Satisfaction of Mortgage (2025052900036001)	XXXXXXXX XXXXXXXXX	XXXX XXXXXXXX XXXXX
05/13/2025 - R 05/06/2025 - D	Mortgage (2025051300345002)	XXXXXXX XXXXXX	XXX XXXXXXXX XXX XXX XXX XXXX XXXXX
05/13/2025 - R 05/06/2025 - D	Deed (2025051300345001)	XXXXXXXX XXXXXXXXX	XXXXXXX XXXXXX
02/01/2023 - R 01/09/2023 - D	Mortgage and Consolidation (2023020100007001)	XXXXXXXX XXXXXXXXX	XXXXXXXX XXXX XXXXXXXXXX XXXXXXXX XXX
06/16/2022 - R 05/31/2022 - D	Assignment, Mortgage (2022060801248001)	XXXXXXXXXX XXXXXXXX XXXXXXX XXX	XXX XXXXX XXXXX XXXXX
04/25/2018 - R 04/23/2018 - D	Assignment, Mortgage (2018042500304001)	XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX	XXXX XXXXXXXX XXXXX
03/17/2016 - R 03/13/2015 - D	Assignment, Mortgage (2016031501141001)	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX	XXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXXX
02/07/2013 - R 01/23/2013 - D	Assignment, Mortgage (2013012600115001)	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX	XXXXXXXX XXXXX XXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1961 Wallace 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

$6,797

Municipal exemptions

Recent tax assessments

Market value

$822,000

Assessed value

$49,320

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	$918,000	$55,080	$32,316	19.843%	$6,412	$6,412	+4.60%
2024/25	$853,000	$51,180	$30,524	20.085%	$6,131	$6,131	0.00%
2023/24	$835,000	$50,100	$30,524	20.085%	$6,131	$6,131	+1.76%
2022/23	$761,000	$45,660	$29,664	20.309%	$6,024	$6,024	+5.71%
2021/22	$743,000	$44,580	$28,546	19.963%	$5,699	$5,699	+0.56%
2020/21	$675,000	$40,500	$26,930	21.045%	$5,667	$5,667	+5.26%
2019/20	$544,000	$32,640	$25,437	21.167%	$5,384	$5,384	+1.19%
2018/19	$473,000	$28,380	$25,437	20.919%	$5,321	$5,321	+5.60%
2017/18	$412,000	$24,720	$24,720	20.385%	$5,039	$5,039	+5.97%
2016/17	$485,000	$29,100	$23,788	19.991%	$4,755	$4,755	+8.37%

Permits

Permit information for 1961 Wallace Avenue, Bronx, NY

Filing date	Job type	Job status	Job description	Initial cost
04/28/2026	Alteration CO
04/28/2026	Alteration CO
08/26/2004	Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

VanNest, Morris Park, Westchester Square residential market stats

Access a detailed real estate market overview of VanNest, Morris Park, Westchester Square so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in VanNest, Morris Park, Westchester Square and compare it to other neighborhoods in Bronx.

Median sale price

—

Median price/sq. ft.

—

Bronx median sale price

$352,500

13.7% 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Birchall Ave & Sagamore St at NE Corner

Station lines

2-5

Distance (miles)

0.165

View subway map

Access the detailed traffic volume map for 1961 Wallace Avenue, Bronx, NY 10462 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 105 Senator Abraham Bernstein	5	Yes	Public	PK, K-5	692	0.22
P.S. 105 Senator Abraham Bernstein	5	Yes	Public	PK, K-5	692	0.22
Bronx Charter School For Excellence 2	9	No	Charter	K-7	461	0.26
P.S. 83 Donald Hertz	6	No	Public	K-8	1,562	0.33
Young Voices Academy-Bronx	6	No	Public	PK, K-5	369	0.33
Young Voices Academy-Bronx	6	No	Public	PK, K-5	369	0.33
Stem Bridge School (The)	8	No	Public	K-5	293	0.42
St. Clare School	NR	No	Private	PK-8	493	0.45
St. Clare School	NR	No	Private	PK-8	493	0.45
Icahn Charter School 2	9	No	Charter	K-8	331	0.49

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Pelham Academy Of Academics And Community Engageme	6	Yes	Public	6-8	283	0.88
Bronx Park Middle School	4	Yes	Public	6-8	358	0.88
Bronx Green Middle School	6	Yes	Public	6-8	341	0.88
Bronx Charter School For Excellence 2	9	No	Charter	K-7	461	0.26
P.S. 83 Donald Hertz	6	No	Public	K-8	1,562	0.33
St. Clare School	NR	No	Private	PK-8	493	0.45
Icahn Charter School 2	9	No	Charter	K-8	331	0.49
P.S. Ms 498 Van Nest Academy	7	No	Public	K-8	599	0.49
St. Francis Xavier School	NR	No	Private	PK, K-8	0	0.69
Iahd-St. Mary & St. Jude	NR	No	Private		0	0.70

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Bronx High School For The Visual Arts	3	No	Public	9-12	421	0.14
Iahd-St. Mary & St. Jude	NR	No	Private		0	0.70
Collegiate Institute For Math And Science	5	No	Public	9-12	564	0.76
Bronxdale High School	2	No	Public	9-12	373	0.76
High School For Language And Innovation	4	No	Public	9-12	353	0.76
Astor Collegiate Academy	4	No	Public	9-12	441	0.76
Pelham Preparatory Academy	5	No	Public	9-12	458	0.76
Wings Academy	2	No	Public	9-12	257	0.77
St Raymond Academy For Girls	NR	No	Private	9-12	330	0.86
St Raymond High School For Boys	NR	No	Private	9-12	453	0.91

Nearby ZIP codes for 1961 Wallace Avenue, Bronx, NY

10453, New York City, NY 10455, New York City, NY 10456, New York City, NY 10457, New York City, NY 10458, New York City, NY 10459, New York City, NY 10460, New York City, NY 10461, New York City, NY 10463, New York City, NY 10465, New York City, NY 10466, New York City, NY 10467, New York City, NY 10468, New York City, NY 10469, New York City, NY 10470, New York City, NY 10472, New York City, NY 10473, New York City, NY 10474, New York City, NY 11356, New York City, NY

Frequently asked questions

What is the year built for 1961 Wallace Avenue, Bronx, NY 10462?

The development at 1961 Wallace Avenue, Bronx, NY 10462 was built in 1905.

What is the total square footage of 1961 Wallace Avenue, Bronx, NY 10462?

1961 Wallace Avenue, Bronx, NY 10462 has a total of 3,216 square feet.

When was 1961 Wallace Avenue, Bronx, NY 10462 last sold and what was the sale price?

1961 Wallace Avenue, Bronx, NY 10462 was last sold on 05/06/2025 for $890,000.

What is the assessed value of 1961 Wallace Avenue, Bronx, NY 10462?

1961 Wallace Avenue, Bronx, NY 10462 is currently assessed at $49,320.

What are the property taxes for 1961 Wallace Avenue, Bronx, NY 10462?

The property taxes for 1961 Wallace Avenue, Bronx, NY 10462 total $6,797.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.