# 499 Concord Avenue, The Bronx

Apartment building · 33 units · built 2023 · Block 2579, Lot 40.

On Umarelli: https://umarelli.org/nyc/2025790040/499-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 — Multi-Family, filed Feb 17, 2022, 33 units, 8 stories, described as “Proposed eight story + cellar residential building”
- Alteration, filed Mar 6, 2023, estimated cost $4K, described as “Installation of needle beam as per plans. Needle beam shall comply with chapter #33 of the NYC code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jan 24, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed, overhead protection, roof protection, rolling tower 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…”
- Alteration, filed Apr 25, 2022, estimated cost $1K, described as “Curb Cut application hereby filed in conjunction with NB job number: X00679065-I1”
- Alteration, filed Mar 15, 2022, estimated cost $1K, described as “Installation of a temporary construction fence filed in conjunction with NB job number: X00679065-I1”

## Property taxes

- Assessment: $1,787,850
- 2026–27 tax: $279
- Market value (city estimate): $3,973,000
- Taxable value: $2,239
- Assessed land: $94,050
- Assessed improvements: $1,693,800

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $222,112 a year below the full tax.

## Zoning

R7-1: floor area ratio 6.93 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jun 7, 2018: $300,000

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