# 3401 3rd Avenue, The Bronx

Apartment building · 148 units · built 2020 · Block 2371, Lot 52.

On Umarelli: https://umarelli.org/nyc/2023710052/3401-3-avenue

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

## Building permits

- No Work, filed Nov 10, 2021
- Alteration, filed Aug 14, 2020, estimated cost $40K, described as “Underground plumbing work filed separately form interior plumbing”
- Alteration, filed Aug 4, 2020, estimated cost $1K, described as “Installation of sidewalk shed for pedestrian safety during construction. Sidewalk shed shall comply with nycc 2014 chapter 33 . No change in egress, use, or occupancy.”
- Alteration, filed Mar 25, 2020, estimated cost $175K, described as “Boiler in conjunction with NB #210179518”
- Alteration, filed Jan 29, 2020, estimated cost $325K, described as “Installation of Sprinkler and standpipe system in con junction with NB 210179518. This is a combination Fire Pump and serves both the standpipe and sprinkler.”
- Alteration, filed Jan 29, 2020, estimated cost $105K, described as “Temporary standpipe during construction”
- Alteration, filed Jan 20, 2020, estimated cost $5K, described as “Installation of construction fence as per drawing.”
- Alteration, filed Oct 30, 2019, estimated cost $4K, described as “Erect 74 lf 8' high wood construction fence to enclose site”
- Alteration, filed Oct 30, 2019, estimated cost $1K, described as “Erect 25 lf of 8' high wood construction fence to enclose site”

## Property taxes

- Assessment: $5,360,850
- Market value (city estimate): $11,913,000
- Taxable value: $0
- Assessed land: $122,850
- Assessed improvements: $5,238,000

## Tax breaks

- 420-c exemption, through Jun 30, 2059, about $666,836 a year below the full tax.

## Zoning

M1-1/R7-2: floor area ratio 5.77 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 1, 2018: $3,200,000

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

[Affordable Housing Development ‘El Borinquen Residences’ Now Complete at 3401 Third Avenue in The Bronx](https://newyorkyimby.com/2022/10/affordable-housing-development-el-borinquen-residences-now-complete-at-3401-third-avenue-in-the-bronx.html), New York YIMBY, Oct 29, 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