# 1516 Park Avenue, Manhattan

Apartment building · 59 units · built 2020 · Block 1616, Lot 36.

On Umarelli: https://umarelli.org/nyc/1016160036/1516-park-avenue

More construction in East Harlem: https://umarelli.org/nyc/manhattan/east-harlem.md

## Building permits

- Alteration, filed Nov 19, 2021, estimated cost $50K, described as “New T-Mobile site. Install 3 new sectors (15 antennas & 6 RRH units) and 2 GPS units on roof and install 3 wall mounted cabinets in new equipment room in cellar. Related conduits in cellar. In compliance with TPPN 5/98.”
- Alteration, filed Sep 21, 2021, estimated cost $65K, described as “AT&T - Installation of new antenna sectors, GPS, and platform on roof. Installation of equipment cabinets in existing room in cellar. Related utility connections per plans. All work in compliance with TPPN 5/98. No change to occupancy,…”
- Alteration, filed Aug 23, 2021, estimated cost $1K, described as “Plumbing work associated with new gas line for emergency generator located on roof. Generator filed under separate DOB Now application. No change in occupancy, use or egress.”
- Alteration, filed Aug 13, 2021, estimated cost $5K, described as “Installation of plywood fence as per drawings to enclose first floor commercial space. Plywood fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application”
- Alteration, filed Aug 11, 2021, estimated cost $70K, described as “Installation of non-emergency gas fired generator on new steel platform on roof. No change to occupancy, use, or egress.”
- Alteration, filed Jun 17, 2021, estimated cost $1K, described as “Installation of one 1100 lbs capacity electric material only hoist during NB const, filed sep. Pipe scaffold filed separately. Hoist shall comply with ch #33 of the NYC bldg code. No change in use, occupancy or egress under this app.”
- Alteration, filed Dec 7, 2020, estimated cost $50K, described as “Install 2 new HVAC units in existing equipment room in cellar. No change in use, egress, or occupancy.”
- Alteration, filed Dec 7, 2020, estimated cost $77K, described as “Install new Verizon site. Installation of 3 new sectors and 2 GPS units on roof. Installation of 1 new sector on mezz. Installation of new equipment in existing room in cellar. Related conduit run in cellar, 7th, mezz., and roof.”
- Alteration, filed Nov 2, 2020, estimated cost $12K, described as “Installation of pipe scaffold as per drawings. Pipe scaffold shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Dec 23, 2019, estimated cost $10K, described as “Installation of heavy duty sidewalk shed during new building construction, filed separately. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Jul 22, 2019, estimated cost $6K, described as “Installation of construction fence as per drawings.”
- Alteration, filed Feb 27, 2019, estimated cost $6K, described as “Installation of construction fence as per drawing.”
- Alteration, filed Feb 21, 2018, described as “Installation of pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Dec 18, 2017, estimated cost $15K, described as “Installation of temporary sidewalk shed as per plans. Sidewalk shed shall comply with chapter 33 of the 2014 NYC building code. No change in use, egress or occupancy under this application.”

## Property taxes

- Assessment: $6,326,100
- 2026–27 tax: $130,018
- Market value (city estimate): $14,058,000
- Taxable value: $1,045,243
- Assessed land: $964,800
- Assessed improvements: $5,361,300

## Tax breaks

- 421-a exemption, through Jun 30, 2058, about $634,686 a year below the full tax.

## Zoning

R8A (part of the lot is R7-2): floor area ratio 8.33 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jan 31, 2017: $10,250,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.

## Board and land use applications

- Harlem East Harlem Urban Renewal Plan Amendment (City Planning 2020M0408): Completed, decided Mar 2, 2021. HPD seeks an extension to the existing East Harlem Urban Renewal Plan which is set to expire in December 2020.
- 1516 Park Avenue FRESH (City Planning P2018M0282): Completed, decided Jul 16, 2019. This is a private application by 1516 Park Avenue Partners LLC seeking a certification for a Food Retail Expansion to Support Health (FRESH) store pursuant to Zoning Resolution Section 63-30. This certification would facilitate the…

## In the news

[1516 Park Avenue Nears Completion in East Harlem, Manhattan](https://newyorkyimby.com/2022/10/1516-park-avenue-nears-completion-in-east-harlem-manhattan.html), New York YIMBY, Oct 9, 2022.

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