3418 3rd Avenue, The Bronx
Apartment building · 43 units · built 2022 · Block 2608, Lot 34.
Building permits
- New Building — Multi-Family, filed Apr 11, 2021, estimated cost $7.8M, 43 units, 7 stories, described as “New 7 Story Mixed Use Building”
- Alteration, filed Oct 19, 2022, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed to comply with chapter 33 of building code of 2014”
- Alteration, filed May 26, 2022, estimated cost $1K, described as “Install sprinkler system per the plans filed herewith and in conjunction with NB#X00499929. The system is hydraulically calculated. There is no change in use occupancy or egress.”
Property taxes
- Assessment
- $2,144,700
- 2026–27 tax
- $22,816
- Market value (city estimate)
- $4,766,000
- Taxable value
- $183,420
- Assessed land
- $215,550
- Assessed improvements
- $1,929,150
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $243,964 a year below the full tax.
Zoning
M1-1/R7-2: floor area ratio 4.46 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
- Mar 5, 2020: $850,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 3418 Third Avenue in Morrisania, The Bronx, New York YIMBY, May 17, 2024.