447 Wales Avenue, The Bronx
College · built 2023 · Block 2577, Lot 63.
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Building permits
- New Building — Non-residential, filed Oct 6, 2022, 6 stories, described as “It is proposed to erect a new 6 story charter school as shown on plans.”
- No Work, filed Mar 6, 2024
- No Work, filed Mar 6, 2024
- Alteration, filed Jan 17, 2024, estimated cost $3K, 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 Jan 17, 2024, estimated cost $1K, described as “Hub project - it is proposed to file for an ssds system as per plans. No change to use egress or occupancy.”
- Alteration, filed Sep 11, 2023, estimated cost $3K, described as “Installation of a temporarily heavy-duty sidewalk 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 Sep 11, 2023, estimated cost $3K, 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 Dec 6, 2022, estimated cost $10K, described as “Installation of 300 psf sidewalk shed, overhead protection and pipe scaffolding 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 Sep 20, 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, 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
- $7,677,450
- Assessed land
- $360,000
- Assessed improvements
- $7,317,450
Tax breaks
- Nonprofit exemption (school), with no end date, about $832,850 a year below the full tax.
Zoning
R7-1: floor area ratio 3.68 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Apr 8, 2022: $1,550,000
- Dec 9, 2019: $1,525,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
New Charter School Underway At 447 Wales Avenue In Mott Haven, Bronx, New York YIMBY, Jan 11, 2024.