# 533 Concord Avenue, The Bronx

Apartment building · 55 units · built 2024 · Block 2579, Lot 28.

On Umarelli: https://umarelli.org/nyc/2025790028/533-concord-avenue

More construction in Mott Haven and Port Morris: https://umarelli.org/nyc/bronx/mott-haven-and-port-morris.md

## 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.

## 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.

## Flood zone

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

## In the news

[Permits Filed for 533 Concord Avenue in Mott Haven, The Bronx](https://newyorkyimby.com/2024/06/permits-filed-for-533-concord-avenue-in-mott-haven-the-bronx.html), New York YIMBY, Jun 26, 2024.

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