# 2976 3rd Avenue, The Bronx

Apartment building · 69 units · built 2022 · Block 2363, Lot 12.

On Umarelli: https://umarelli.org/nyc/2023630012/2976-3-avenue

More construction in Morrisania and Longwood: https://umarelli.org/nyc/bronx/morrisania-and-longwood.md

## Building permits

- New Building — Mid-Rise, filed Jan 26, 2022, 69 units, 15 stories, described as “Construction of 15 story new building. Hub consultation mtg took place on Jan 3rd.”
- Alteration, filed Jan 20, 2026, estimated cost $4K, described as “Erect illuminated accessory business wall sign reading "m&t bank"”
- Alteration, filed Jan 20, 2026, estimated cost $4K, described as “Erect illuminated accessory business wall sign reading "m&t bank"”
- Alteration, filed May 19, 2025, estimated cost $421K, described as “Proposed interior work on first floor according to plans.”
- Alteration, filed May 3, 2023, estimated cost $7K, described as “Installation and use of suspended scaffolding construction equipment from outrigger beams, as per plans filed herewith. This application is filed in conjunction with NB-X00649440.”
- Alteration, filed Dec 7, 2022, estimated cost $10K, described as “Installation of 6,000LB single car personnel/material hoist as per plans during construction. No change in use, egress or occupancy under this application.”
- Alteration, filed Aug 7, 2022, estimated cost $2K, described as “Installation of temporary construction fence at 2976 3rd avenue, bronx as indicated on plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed Mar 28, 2022, estimated cost $5K, described as “Installation of 300psf sidewalk shed as per plans. Sidewalk shed shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Mar 28, 2022, estimated cost $5K, described as “Installation of 300psf sidewalk shed as per plans. Sidewalk shed shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Mar 24, 2022, estimated cost $1K, described as “Removal of entire sprinkler system on cellar, first floor & second floor. No change to use, egress, or occupancy. Vacant building prior to full building demolition under separate job application.”
- Alteration, filed Mar 4, 2022, estimated cost $1K, described as “Install temporary dry standpipe system during construction. In conjunction with NB# X00649440-I1”
- Alteration, filed Mar 1, 2022, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Mar 1, 2022, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2014.”

## Property taxes

- Assessment: $4,231,350
- 2026–27 tax: $150,820
- Market value (city estimate): $9,403,000
- Taxable value: $1,212,480
- Assessed land: $227,700
- Assessed improvements: $4,003,650

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $375,517 a year below the full tax.

## Zoning

C4-4: floor area ratio 6.26 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 30, 2022: $1,000,000

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

## Flood zone

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

## In the news

[Housing Lottery Launches for 2976 Third Avenue in Melrose, The Bronx](https://newyorkyimby.com/2024/02/housing-lottery-launches-for-2976-3rd-avenue-in-melrose-the-bronx.html), New York YIMBY, Feb 17, 2024.

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