# 3418 3rd Avenue, The Bronx

Apartment building · 43 units · built 2022 · Block 2608, Lot 34.

On Umarelli: https://umarelli.org/nyc/2026080034/3418-third-avenue

More construction in Morrisania and Longwood: https://umarelli.org/nyc/bronx/morrisania-and-longwood.md

## 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.

## Recent sales

- Mar 5, 2020: $850,000, sold with other lots

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

[Housing Lottery Launches for 3418 Third Avenue in Morrisania, The Bronx](https://newyorkyimby.com/2024/05/housing-lottery-launches-for-3418-third-avenue-in-morrisania-the-bronx.html), New York YIMBY, May 17, 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