# 425 Grand Concourse, The Bronx

Condominium · 277 units · built 2020 · Block 2346, Lot 7501.

On Umarelli: https://umarelli.org/nyc/2023467501/425-grand-concourse

More construction in Mott Haven and Port Morris: https://umarelli.org/nyc/bronx/mott-haven-and-port-morris.md

## Building permits

- Alteration, filed May 29, 2025, estimated cost $8K, described as “Erect an illuminated sign on wall.not within view of arterial highway or public park 1/2 acre or more. No change in use, egress or occupancy.”
- Alteration, filed May 29, 2025, estimated cost $8K, described as “Erect an illuminated sign on wall.not within view of arterial highway or public park 1/2 acre or more. No change in use, egress or occupancy.”
- Alteration, filed May 29, 2025, estimated cost $8K, described as “Erect an illuminated sign on wall.not within view of arterial highway or public park 1/2 acre or more. No change in use, egress or occupancy.”
- Alteration, filed May 29, 2025, estimated cost $8K, described as “Erect an illuminated sign on wall.not within view of arterial highway or public park 1/2 acre or more. No change in use, egress or occupancy.”
- Alteration, filed Jan 22, 2025, estimated cost $1.1M, described as “Supermarket fit out on the existing supermaet space on first floor. Retail .”
- Alteration, filed Dec 13, 2022, estimated cost $3K, described as “Illuminated non advertising accessory wall sign - inside property line - academic advisement center. No change of use, egress, or occupancy.”
- Alteration, filed Oct 31, 2022, estimated cost $5K, described as “Installation of temp tent and platform, no alt to exist structures, for Grand Opening. TPA required. Producer is responsible to monitor site safety & implement HWAP. All production equipment removed upon event completion”
- No Work, filed Oct 21, 2022, described as “Building grand opening seated presentation within temporary tent. For invited guests only”
- Alteration, filed Jun 10, 2021, estimated cost $1K, described as “Install 500 gallon fuel oil storage to serve the emergency generators as per plans filed. Filed in conjunction with NB #220569999. No change to use, egress, or occupancy.”
- Alteration, filed Sep 11, 2020, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Aug 7, 2020, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 28, 2020, estimated cost $1K, described as “Installation of pipe scaffold in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Jul 21, 2020, estimated cost $210K, described as “Install new mechanical work as per plans filed in community facility space.. No change to use, egress, or occupancy. Filed in conjunction with Alt 2 #240278971.”
- Alteration, filed Jul 21, 2020, estimated cost $54K, described as “Install new plumbing work as per plans filed, in community facility space. No change to use, egress, or occupancy. Filed in conjunction with Alt 2 #240278971, and 220569999.”
- Alteration, filed Jun 9, 2020, estimated cost $20K, described as “Installation of heavy duty sidewalk shed during NB construction, filed separately. Sidewalk shed shall comply with ch #33 of the NYC bldg code. No change in use, occupancy or egress under this application. Shed installed on rdwy. Dot…”
- Alteration, filed Dec 10, 2019, estimated cost $1K, described as “Install new temporary construction fence as per plans filed. No change to use, egress or occupancy. Filed in conjunction with NB #220569999.”

## Property taxes

- Assessment: $20,202,253
- 2026–27 tax: $9,425
- Market value (city estimate): $44,893,893
- Taxable value: $1,050,851
- Assessed land: $743,851
- Assessed improvements: $19,458,402
- Condo units with their own tax lots: 8

## Tax breaks

- Article XI exemption, through Jun 30, 2027, about $2,347,715 a year below the full tax.

## Flood zone

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

## In the news

[Developers, City Officials Celebrate Grand Opening of 425 Grand Concourse in Mott Haven, The Bronx](https://newyorkyimby.com/2022/11/developers-city-officials-celebrate-grand-opening-of-425-grand-concourse-in-mott-haven-the-bronx.html), New York YIMBY, Nov 3, 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