1986-1998 2nd Avenue, Manhattan
Apartment building · 164 units · built 2021 · Block 1674, Lot 49.
Building permits
- Alteration, filed Mar 2, 2026, estimated cost $172K, described as “Reno exist 1ST fl commercial space to new professional (medical) office - no amended co as ac 28-118.3. New non-load bearing partitions, new lighting, new ceilings, new interior doors, new millwork, flooring & finishes”
- Alteration, filed Sep 10, 2025, estimated cost $1K, described as “Tenant Fit out of interior space”
- Alteration, filed Jun 28, 2024, estimated cost $27K, described as “Plumbing work in conjunction with interior renovations filed under M01043124-I1.”
- Alteration, filed May 7, 2024, estimated cost $118K, described as “Interior renovation in the existing first floor commercial space. Install new commercial kitchen hood for deli store and add new handicap bathroom. Install new kitchen hood exhaust & compressors. Plumbing work filed separate;y under…”
- Alteration, filed Mar 24, 2023, estimated cost $1K, described as “This application is filed for a Temporary Use Permit for a sales office including model apartments pursuant to section AC 28-111 and Buildings Bulletin 2010-002”
- Alteration, filed Aug 16, 2022, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with NB construction. No change in use, egress or occupancy. Sidewalk shed shall comply with 2014 NYC building code,chapter 33. Sidewalk shed partially installed on the…”
- Alteration, filed Dec 2, 2021, estimated cost $1K, described as “This application is filed for a Temporary Use Permit for a sales office including model apartments pursuant to section AC 28-111 and Buildings Bulletin 2010-002”
- No Work, filed Nov 29, 2021
- Alteration, filed Oct 22, 2020, estimated cost $1K, described as “Installation of Boiler equipment”
- Alteration, filed May 12, 2020, estimated cost $10K, described as “Installation of temporary scaffold as per plans in conjunction with NB construction. No change in use, egress or occupancy. Scaffold to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Apr 21, 2020, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with NB construction. No change in use, egress or occupancy. Sidewalk shed shall comply with 2014 NYC building code,chapter 33.”
- Alteration, filed Feb 6, 2020, estimated cost $1K, described as “Plywood Temporary Construction Fence”
- Alteration, filed Oct 10, 2019, estimated cost $1K, described as “Installation of temporary air pressurized alarm system for dry standpipe system during construction. Filed in conjunction with new building# 121205597”
- Alteration, filed May 15, 2019, estimated cost $5K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
Property taxes
- Assessment
- $20,892,150
- 2026–27 tax
- $243,482
- Market value (city estimate)
- $46,427,000
- Taxable value
- $1,957,410
- Assessed land
- $2,583,900
- Assessed improvements
- $18,308,250
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $2,355,292 a year below the full tax.
Zoning
R8A: floor area ratio 7.92 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 13 ft (NGVD29). FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.
In the news
Housing Lottery Launches for 1998 Second Avenue in East Harlem, Manhattan, New York YIMBY, May 13, 2022.