# 599 Prospect Avenue, The Bronx

Apartment building · 12 units · built 2023 · Block 2674, Lot 40.

On Umarelli: https://umarelli.org/nyc/2026740040/599-prospect-avenue

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

## Building permits

- New Building — Multi-Family, filed Jan 4, 2022, estimated cost $1.0M, 12 units, 4 stories, described as “Proposed new four story & penthouse residential building.”
- Alteration, filed Jan 3, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed as per plans. Sidewalk shed shall comply with chapter #33 of the NYC code. No change in use, egress or occupancy under this application.”
- Alteration, filed Dec 5, 2022, estimated cost $3K, described as “Mechanical application filed in conjunction with new building job #X00653463.”
- Alteration, filed Apr 6, 2022, estimated cost $3K, described as “Fence application filed in conjunction with NB job #X00653463.”
- Alteration, filed Jan 12, 2022, estimated cost $3K, described as “Plumbing application filed in conjunction with new building job #X00653463.”
- Alteration, filed Jan 11, 2022, estimated cost $3K, described as “Sprinkler application filed in conjunction with NB job #X00653463.”

## Property taxes

- Assessment: $391,050
- 2026–27 tax: $413
- Market value (city estimate): $869,000
- Taxable value: $3,317
- Assessed land: $60,750
- Assessed improvements: $330,300

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $48,230 a year below the full tax.

## Zoning

R7-1: floor area ratio 2.80 built, 3.44 allowed by base zoning.

## Recent sales

- Oct 31, 2022: $350,000

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 599 Prospect Avenue in Melrose, The Bronx](https://newyorkyimby.com/2023/05/permits-filed-for-599-prospect-avenue-in-melrose-the-bronx.html), New York YIMBY, May 27, 2023.

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