# 1940 Jerome Avenue, The Bronx

Apartment building · 115 units · built 2025 · Block 2853, Lot 12.

On Umarelli: https://umarelli.org/nyc/2028530012/1940-jerome-avenue

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

## Building permits

- New Building — Mid-Rise, filed Aug 22, 2022, 115 units, 13 stories, described as “Hub consultation meeting held and accepted on 8/8/2022. Propose new 13-story plus cellar mixed-use building. Obtain new c of o. This project is mandatory inclusionary, 100% low income housing, and quality housing.”
- Alteration, filed Apr 21, 2025, estimated cost $211K, described as “Installation of 53.46 kw solar energy system on roof. No change of occupancy, use or egress.”
- Alteration, filed Dec 5, 2024, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Sep 23, 2024, estimated cost $20K, described as “Equipment use: dual 7000# capacity personnel/material hoists during NB const, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application submitted separately”
- Alteration, filed Aug 12, 2024, estimated cost $10K, described as “Installation of a temporary roof protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application”
- Alteration, filed Aug 8, 2024, estimated cost $6K, described as “Installation of a temporarily heavy-duty sidewalk shed per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jul 25, 2024, estimated cost $5K, described as “Installation of a temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Apr 19, 2024, estimated cost $750, 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. Dot permits by others for shed installed on sidewalk/roadway”
- Alteration, filed Apr 19, 2024, estimated cost $750, described as “Heavy duty sidewalk shed during bldg alteration, 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 Jun 29, 2023, estimated cost $300K, described as “Full demolition of one story structure, using hand held and mechanical means to assist.”
- Demolition, filed Jun 22, 2023, estimated cost $300K, described as “Full demolition of one story structure using hand held and mechanical means to assist.”

## Property taxes

- Assessment: $80,100
- 2026–27 tax: $996
- Market value (city estimate): $178,000
- Taxable value: $8,010
- Assessed land: $80,100

## Tax breaks

- 420-c exemption, through Jun 30, 2064, about $8,967 a year below the full tax.

## Zoning

C4-4D: floor area ratio 9.00 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 27, 2024: $7,422,118
- Dec 30, 2021: $5,450,000, sold with other lots
- Aug 22, 2018: $1,860,000
- May 16, 2016: $550,000

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

[Construction Underway on La Olazul at 1940 Jerome Avenue In Mount Hope, The Bronx](https://newyorkyimby.com/2024/11/construction-underway-for-la-olazul-at-1940-jerome-avenue-in-mt-hope-the-bronx.html), New York YIMBY, Nov 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