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2024 - 2025 Tentative Assessment
Tentative Assessment Roll for2024-2025 | City of New York
Taxable Status DateJanuary 5, 2024
 EXPLANATION OF ASSESSMENT ROLL
Owner NameJ & VELCO CO., L.P.
Property Address1098 FRANKLIN AVENUE 10456
Billing Name and AddressJ. & VELCO CO. LP.
  
 1357 SOUTHERN BLVD. APT. 1E
 BRONX NY 10459-1558
Tax Class2
Building ClassC1 - OVER SIX FAMILIES WITHOUT STORES

Property Owner(s)
J & VELCO CO., L.P.

Land Information
Lot Size 
        Frontage (feet)37.42
        Depth (feet)105.00
        Land Area (sqft)3,929
Regular / IrregularRegular
Corner 
Number of Buildings1
Building Size 
        Frontage (feet)37.42
        Depth (feet)88.00
Stories5
ExtensionN

Assessment Information
DescriptionLandTotal
                                 ESTIMATED MARKET VALUE36,000410,000
                                 MARKET AV16,200184,500
                                 MARKET EX0
                                 TRANS AV16,200168,750
                                 TRANS EX0

Taxable/Billable Assessed Value
Assessed Value
Subject To Adjustments, Your 2024/25 Taxes Will Be Based On168,750

Market Value History
Tax YearMarket Value
2024 - 2025 (tentative)410,000                                                           
2023 - 2024410,000                                                           
2022 - 2023387,000                                                           
2021 - 2022315,000                                                           
2020 - 2021353,000                                                           

Note
For more information about how your property taxes are calculated, visit http://nyc.gov/assessments.


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