# 1701 Clay Avenue, The Bronx

Apartment building · 17 units · built 2022 · Block 2790, Lot 49.

On Umarelli: https://umarelli.org/nyc/2027900049/1701-clay-avenue

More construction in Mount Hope and Mount Eden: https://umarelli.org/nyc/bronx/mount-hope-and-mount-eden.md

## Building permits

- New Building — Multi-Family, filed May 25, 2021, 17 units, 6 stories, described as “Proposing a 6 story+ mezzanine residential building.”
- Alteration, filed Sep 29, 2022, estimated cost $3K, described as “Installation of pipe scaffold as per plans, shall comply with chapter # 33 of the 2014 code.”
- Alteration, filed Jul 22, 2021, estimated cost $5K, described as “Installation of 130' new sidewalk shed at 1701 clay avenue bronx as indicated on plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed Jul 14, 2021, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”

## Property taxes

- Assessment: $990,000
- 2026–27 tax: $1,389
- Market value (city estimate): $2,200,000
- Taxable value: $11,165
- Assessed land: $81,450
- Assessed improvements: $908,550

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $121,757 a year below the full tax.

## Zoning

R7-1: floor area ratio 4.29 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jan 25, 2021: $665,000

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 1701 Clay Avenue in Concourse, The Bronx](https://newyorkyimby.com/2021/10/permits-filed-for-1701-clay-avenue-in-concourse-the-bronx.html), New York YIMBY, Oct 21, 2021.

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