# 316 3rd Avenue, Manhattan

Condominium · built 2006 · Block 879, Lot 7502.

On Umarelli: https://umarelli.org/nyc/1008797502/316-3-avenue

More construction in Gramercy: https://umarelli.org/nyc/manhattan/gramercy.md

Every lot on block 879: https://umarelli.org/nyc/manhattan/879.md

## Building permits

- Alteration, filed Jun 1, 2023, estimated cost $250K, described as “Herewith filing for general construction on the 5TH and 17TH floor as per plans being filed herewith. No change to use, egress or occupancy under this application.”
- Alteration, filed Dec 5, 2022, estimated cost $32K, described as “Proposing for renovation to existing Bank. Work to include installation of (1) non residential sinks, & (1) drinking fountain with associated piping, and replace (1) water closet & (1) lavatory,”
- Alteration, filed Dec 5, 2022, estimated cost $9K, described as “Proposing for renovation work at existing Bank. Work to include relocate (17) sprinkler heads and New (8) sprinkler heads. All with associated piping.”
- Alteration, filed Dec 5, 2022, estimated cost $120K, described as “Proposed to renovate an existing Citizens Bank. Work to include installation of (6) Water Source Heat Pumps, Electric Wall Heater & Baseboard Heaters, Electric Duct Heater, Fans, Air Devices. All as per plan submittal.”
- Alteration, filed Nov 23, 2022, estimated cost $262K, described as “Proposing renovation of an existing Bank. Work to include removal/installation of minor interior partition, finishes, millwork and casework.”
- Alteration, filed Dec 15, 2021, estimated cost $3K, described as “Erect illuminated accessory business wall sign; copy reading "Citizens with Logo"”
- Alteration, filed Dec 15, 2021, estimated cost $3K, described as “Erect illuminated accessory business wall sign; copy reading "Citizens with Logo"”
- Alteration, filed Dec 15, 2021, estimated cost $3K, described as “Erect illuminated accessory business wall sign; copy reading "Citizens with Logo"”
- Alteration, filed Mar 15, 2019, estimated cost $35K, described as “Installation of sidewalk shed as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $32,859,900
- 2026–27 tax: $932,497
- Market value (city estimate): $73,021,999
- Taxable value: $8,596,031
- Assessed land: $2,520,000
- Assessed improvements: $30,339,900
- Condo units with their own tax lots: 3

## Tax breaks

- Nonprofit exemption (student dormitory), with no end date, about $2,573,616 a year below the full tax.

## Zoning

C2-8A: floor area ratio 19.67 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology