586 Gerard Avenue, The Bronx
Apartment building · 197 units · built 2022 · Block 2353, Lot 1.
Building permits
- New Building — Large Residential, filed Sep 15, 2021, 200 units, 9 stories, early work permitted while the building plans are in review, described as “Application filed to construct new 9 story mixed use building”
- Alteration, filed Aug 4, 2026, estimated cost $162K, described as “Job filed interior renovation of retail store including new counter and cooking equipment, new floor tile and new paint as per plan. No change of use, egress, or occupancy under this appliation.”
- Alteration, filed Oct 1, 2025, described as “Suspended Scaffold for Facade Restoration as Shown on Plans”
- Alteration, filed Apr 9, 2024, estimated cost $1K, described as “Wall Bracket installation as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Apr 9, 2024, estimated cost $5K, described as “Installation of a temporary roof protection and overhead protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Oct 4, 2023, estimated cost $20K, described as “Installation of a temporarily supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Feb 14, 2023, estimated cost $15K, described as “Installation of a temporary construction fence per plan submitted.”
- Alteration, filed Feb 14, 2023, estimated cost $23K, described as “Installation of a temporarily heavy-duty sidewalk per plan submitted shed legs on roadway. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application”
- Alteration, filed Jan 9, 2023, estimated cost $20K, described as “Installation of dual 7000 # 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 submitted…”
- Alteration, filed Sep 8, 2022, estimated cost $1K, described as “FO mini caissons work application filed in conjunction with FO dob:now #X00588660-S1 in order to approved the mini caissons details as part of the foundation work.”
- Alteration, filed Sep 7, 2022, estimated cost $1K, described as “Application for the installation of construction fence as per plans. No change in egress, use or occupancy.”
- Alteration, filed Aug 12, 2022, estimated cost $1K, described as “PL application filed for underground pluming in conjunction with PL #X00588660-S5.”
- Alteration, filed Mar 11, 2022, estimated cost $3K, described as “SOE being filed in conjunction with new building, job #X00588660.”
- Alteration, filed Mar 9, 2022, estimated cost $3K, described as “Foundation element being filed in conjunction with new building, job #X00588660.”
- Alteration, filed Feb 1, 2022, estimated cost $3K, described as “Scope of work filed to break a portion of the slab on grade. No impact to the existing structure. Application is filed in conjunction with FO and SOE job #X00588660 S1/S3. The slab removal is to provide access for installation of a footing.”
- Alteration, filed Jan 25, 2022, estimated cost $3K, described as “Install plywood construction fence in-conjunction with demolition application # 220680895”
- Alteration, filed Jan 21, 2022, estimated cost $18K, described as “Installation of heavy duty sidewalk shed as per plans. Sidewalk shed shall comply with chapter 33 of the 2014 NYC building code. Demolition job filed under separate application.”
Property taxes
- Assessment
- $9,914,850
- 2026–27 tax
- $1,220,031
- Market value (city estimate)
- $22,033,000
- Taxable value
- $9,808,110
- Assessed land
- $702,000
- Assessed improvements
- $9,212,850
Zoning
R7A: floor area ratio 5.09 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 2, 2020: $16,900,000, 30,345 sq ft ($557 per sq ft)
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 580 Gerard Avenue (City Planning P2012X0218): Completed, decided May 28, 2013. This is a private application by NR Property 2 LLC, requesting a Zoning Map Amendment from M1-2 to R7A/C2-4 zoning district and a Zoning Text Amendment (Zoning Resolution 23-144) to establish a new Inclusionary Housing Area and facilitate…
- HOSTOS COMMUNITY COLLEGE REZONING (City Planning P1997X0332): Zoning map change, Completed, decided Oct 20, 1997. 97DCP045X; DCP IS PROPOSING TO REZONE THREE SECTIONS, NORTH, EAST, AND SOUTH OF THE INTERSECTION OF EAST 149TH STREET AND THE GRAND CONCOURSE
In the news
Housing Lottery Launches for Inkwell at 586 Gerard Avenue in Concourse, The Bronx, New York YIMBY, Nov 5, 2025.