# 1054 Prospect Avenue, The Bronx

Apartment building · 29 units · built 2025 · Block 2691, Lot 18.

On Umarelli: https://umarelli.org/nyc/2026910018/1059-rev-james-a-polite-avenue

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

## Building permits

- New Building — Multi-Family, filed Dec 11, 2024, 29 units, 6 stories, described as “Proposed new 6-story mix-use building. Obtain certificate of occupancy.”
- Alteration, filed Sep 5, 2025, estimated cost $4K, described as “Heavy duty sidewalk shed during NB const, filed sep. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Demolition, filed Sep 16, 2024, estimated cost $45K, described as “Full demolition of one story structure using hand held and mechanical to assist”

## Property taxes

- Assessment: $35,100
- 2026–27 tax: $4,366
- Market value (city estimate): $78,000
- Taxable value: $35,100
- Assessed land: $35,100

## Zoning

R7-1: floor area ratio 4.49 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Aug 5, 2024: $380,250

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