# 1896 University Avenue, The Bronx

Apartment building · 53 units · built 2023 · Block 2868, Lot 42.

On Umarelli: https://umarelli.org/nyc/2028680042/1896-university-avenue

More construction in Highbridge and Morris Heights: https://umarelli.org/nyc/bronx/highbridge-and-morris-heights.md

## 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.

## Recent sales

- Aug 16, 2022: $775,000

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 1896 University Avenue in Morris Heights, The Bronx](https://newyorkyimby.com/2022/06/permits-filed-for-1896-university-avenue-in-morris-heights-the-bronx.html), New York YIMBY, Jun 15, 2022.

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