533 Concord Avenue, The Bronx
Apartment building · 55 units · built 2024 · Block 2579, Lot 28.
Building permits
- New Building — Large Residential, filed Feb 14, 2022, estimated cost $1.3M, 55 units, 8 stories, described as “Proposing new eight story residential building”
- Alteration, filed Sep 10, 2024, estimated cost $1K, described as “Proposed installation of temporary light duty pipe scaffold as per plans. Work shall comply with chapter #33 of 2022 the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Aug 21, 2024, estimated cost $1K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy shall comply with CHAPTER#33 of 2022 the ny building code.”
- Alteration, filed Mar 29, 2024, described as “Installation of heavy duty sidewalk shed. no change in use, occupancy or egress. work shall comply with chapter 33 of nycc.”
- Demolition, filed Nov 17, 2023, estimated cost $20K, described as “Full demolition to a three story building”
- Alteration, filed Oct 17, 2018, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application”
Property taxes
- Assessment
- $2,802,600
- 2026–27 tax
- $32,186
- Market value (city estimate)
- $6,228,000
- Taxable value
- $258,750
- Assessed land
- $68,400
- Assessed improvements
- $2,734,200
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $316,430 a year below the full tax.
Zoning
R7-1: floor area ratio 7.09 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
- May 9, 2024: $4,000,000
- Dec 14, 2017: $1,450,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 533 Concord Avenue in Mott Haven, The Bronx, New York YIMBY, Jun 26, 2024.