# 947 Sheridan Avenue, The Bronx

Apartment building · 23 units · built 2023 · Block 2461, Lot 78.

On Umarelli: https://umarelli.org/nyc/2024610078/947-sheridan-avenue

More construction in Melrose and Concourse: https://umarelli.org/nyc/bronx/melrose-and-concourse.md

## Building permits

- New Building — Multi-Family, filed Apr 12, 2022, estimated cost $1.5M, 23 units, 4 stories, described as “New (4) four story and penthouse, twenty three (23) dwelling unit building”
- Alteration, filed Jun 23, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed as per plans. Sidewalk shed shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jun 9, 2022, estimated cost $5K, described as “Installing 8'-0" high construction fence around the property.”
- Alteration, filed Jun 2, 2022, estimated cost $1K, described as “Application filed herewith for phase i foundation work in-conjunction with NB application X00713265-I1”
- Alteration, filed May 3, 2022, estimated cost $1K, described as “Earthwork and foundation work in conjuctin with NB #X00713265-I1”

## Property taxes

- Assessment: $661,950
- 2026–27 tax: $9,046
- Market value (city estimate): $1,471,000
- Taxable value: $72,720
- Assessed land: $133,650
- Assessed improvements: $528,300

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $73,294 a year below the full tax.

## Zoning

R8: floor area ratio 3.04 built, 6.02 allowed by base zoning.

## Recent sales

- Mar 15, 2022: $950,000

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

## Flood zone

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

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