491 East 166th Street, The Bronx
Industrial · built c. 1931 · Block 2371, Lot 65.
Building permits
- Alteration, filed Jul 20, 2026, estimated cost $10K, described as “Installation of 300 psf sidewalk shed and pipe scaffold as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Apr 16, 2026, estimated cost $5K, described as “Application filed herewith for the installation of a temporary construction fence”
- Major Renovation — Conversion, filed Jan 23, 2026, estimated cost $2.5M, 21 units added, 4 stories, described as “Application filed herewith to propose an interior enlargement to an existing three story buidling. Building to be converted into a four story residential building with twenty one dwelling units”
Property taxes
- Assessment
- $253,350
- 2026–27 tax
- $27,483
- Market value (city estimate)
- $563,000
- Taxable value
- $253,350
- Assessed land
- $114,750
- Assessed improvements
- $138,600
Zoning
M1-1/R7-2: floor area ratio 1.62 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 3, 2026: $1,700,000, 6,897 sq ft ($246 per sq ft)
Open-market sales since 2016, from the Department of Finance’s sales files.