1896 University Avenue, The Bronx
Apartment building · 53 units · built 2023 · Block 2868, Lot 42.
Building permits
- New Building — Large Residential, filed Jun 10, 2022, estimated cost $1.4M, 53 units, 8 stories, described as “Proposed 8 story residential building”
- Alteration, filed Apr 18, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, pipe scaffolding, and overhead protection as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 7, 2022, estimated cost $3K, described as “8' Construction Fence”
- Alteration, filed Sep 7, 2022, estimated cost $3K, described as “8' Construction Fence”
- Alteration, filed May 19, 2022, estimated cost $2K, described as “Installtion of initial footing in conjunction with NB application #X00741218-I1”
Property taxes
- Assessment
- $2,603,250
- 2026–27 tax
- $3,803
- Market value (city estimate)
- $5,785,000
- Taxable value
- $30,572
- Assessed land
- $191,250
- Assessed improvements
- $2,412,000
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $320,015 a year below the full tax.
Zoning
R7-1: floor area ratio 3.97 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 16, 2022: $775,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 1896 University Avenue in Morris Heights, The Bronx, New York YIMBY, Jun 15, 2022.