# 492 St Nicholas Avenue, Manhattan

Apartment building · 17 units · built 2019 · Block 1959, Lot 54.

On Umarelli: https://umarelli.org/nyc/1019590054/492-st-nicholas-avenue

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

## Building permits

- Alteration, filed Feb 25, 2021, estimated cost $12K, described as “It is proposed to install marquee as shown on plans. no change of use, egress or occupancy. Application filed in conjunction with NB # 121190861”
- Alteration, filed Nov 8, 2019, estimated cost $5K, described as “Installation of a temporary scaffold @ elevator shaft 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 May 22, 2019, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed May 9, 2019, estimated cost $10K, described as “Installation of a 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 Oct 23, 2018, estimated cost $10K, described as “It is proposed to install construction fence in conjunction with NB # 121190861 as shown on plans.”

## Property taxes

- Assessment: $2,863,350
- 2026–27 tax: $27,883
- Market value (city estimate): $6,363,000
- Taxable value: $224,156
- Assessed land: $324,450
- Assessed improvements: $2,538,900

## Tax breaks

- 421-a exemption, through Jun 30, 2057, about $328,289 a year below the full tax.

## Zoning

R8: floor area ratio 7.49 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 18, 2023: $13,550,000

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

## Flood zone

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

## Board and land use applications

- 492 Saint Nicholas Avenue (City Planning P2013M0432): Completed, decided Jul 1, 2014. The Department of Housing Preservation and Development is requesting an acquisition of a privately-owned vacant lot, UDAAP designation, disposition, and project approval.

## In the news

[Affordable Housing Lottery Launches for 320 West 135th Street in Harlem, Manhattan](https://newyorkyimby.com/2022/04/affordable-housing-lottery-launches-for-320-west-135th-street-in-harlem-manhattan.html), New York YIMBY, Apr 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