445 Gerard Avenue, The Bronx
Apartment building · 85 units · built 2021 · Block 2351, Lot 12.
Building permits
- Alteration, filed Oct 2, 2023, estimated cost $204K, described as “Interior renovation in existing 1ST floor commercial space. New commercial kitchen hood. New exhaust duct to be connected to exhaust fan on roof. Installing (3) indoor refrigeration condensers & new heat pump unit on proposed ceiling rack…”
- Alteration, filed Aug 10, 2022, estimated cost $1K, described as “Installation and use of mini crane as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Nov 13, 2021, estimated cost $1K, 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.”
- Alteration, filed Aug 2, 2021, estimated cost $20K, described as “South hoist: installation of dual 6000 # capacity personnel/material hoists during NB const, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application…”
- Alteration, filed Aug 2, 2021, estimated cost $20K, described as “North hoist: installation of dual 6000 # capacity personnel/material hoists during NB const, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator appl submitted sep”
- Alteration, filed Jun 10, 2021, 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 Jun 4, 2021, estimated cost $110K, described as “Installation of heavy duty sidewalk shed during NB const, filed sep. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Jan 9, 2021, estimated cost $1K, described as “Install construction fence as per plans filed. Filed in conjunction with new building #220630137.”
- Alteration, filed Jun 23, 2020, estimated cost $10K, described as “It is proposed to file for temp standpipe work as shown on plans. This application is filed in conjunction with NB application 220630137.”
- Alteration, filed Apr 7, 2020, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Jan 23, 2020, estimated cost $5K, described as “Install 8' high plywood construction fence”
- Alteration, filed Sep 12, 2019, estimated cost $1K, described as “It is proposed to file for a curb cut application in conjunction with NB application 220630137”
- Alteration, filed Sep 12, 2019, estimated cost $1K, described as “It is proposed to file curb but application in conjunction with NB application 220630137”
Property taxes
- Assessment
- $27,770,400
- 2026–27 tax
- $167,256
- Market value (city estimate)
- $61,712,000
- Taxable value
- $1,344,606
- Assessed land
- $1,197,900
- Assessed improvements
- $26,572,500
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $3,287,105 a year below the full tax.
Zoning
M1-4/R8A: floor area ratio 8.70 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Apr 18, 2019: $26,950,000, sold with other lots
- Nov 16, 2016: $5,600,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Financing Closes for Estela at 414 and 445 Gerard Avenue in Mott Haven, The Bronx, New York YIMBY, Jan 17, 2025.