# 1818 Prospect Avenue, The Bronx

Apartment building · 46 units · built 2022 · Block 2953, Lot 6.

On Umarelli: https://umarelli.org/nyc/2029530006/1818-prospect-avenue

More construction in Crotona Park: https://umarelli.org/nyc/bronx/crotona-park.md

## Building permits

- New Building — Multi-Family, filed Feb 22, 2022, 44 units, 7 stories, described as “Proposed 7-story residential new building.”
- Alteration, filed Feb 2, 2023, estimated cost $5K, described as “Installation of pipe scaffolding as per plans. Pipe scaffolding shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 22, 2022, estimated cost $10K, described as “Installation of 300 psf sidewalk shed, overhead protection, pipe scaffolding, and roof protection as per plans. All equipment shall comply with chapter #33 of the 2014 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jul 6, 2022, estimated cost $1K, described as “Curb cut filed in conjunction with NB Job Number # X00664644-I1”
- Alteration, filed Apr 1, 2022, estimated cost $1K, described as “Support of Excavation work type filed in conjunction with NB#X00664644”
- Alteration, filed Mar 11, 2022, estimated cost $1K, described as “Proposed construction fence filed for this project”
- Alteration, filed Mar 2, 2022, estimated cost $1K, described as “Foundation and Earthwork filed in conjunction with NB# X00664644”

## Property taxes

- Assessment: $2,412,000
- 2026–27 tax: $1,733
- Market value (city estimate): $5,360,000
- Taxable value: $13,928
- Assessed land: $153,000
- Assessed improvements: $2,259,000

## Tax breaks

- 421-a exemption, through Jun 30, 2058, about $298,296 a year below the full tax.

## Zoning

R7-1: floor area ratio 5.36 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jun 7, 2022: $1,500,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- 764 E176TH STREET (City Planning P2003X0317): Completed, decided Oct 17, 2005. 03DCP053X: REZONING OF THE WESTERN QUARTER OF BLOCK 2953 FROM M1-2 TO R 7-1 FOR THE PURPOSE OF DEVELOPING NEW MULTI-FAMILY RENTAL OR TRANSITIONAL HOUSING

## In the news

[Housing Lottery Launches for 1818 Prospect Avenue in Crotona Park East, The Bronx](https://newyorkyimby.com/2023/07/housing-lottery-launches-for-1818-prospect-avenue-in-crotona-park-east-the-bronx.html), New York YIMBY, Jul 21, 2023.

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