1938 Prospect Avenue, The Bronx
Apartment building · 14 units · built 2025 · Block 2956, Lot 4.
Building permits
- New Building — Multi-Family, filed Aug 28, 2024, 14 units, 4 stories, described as “Erection of a new residential building. new 4 story + penthouse and cellar.”
- Alteration, filed Feb 20, 2025, estimated cost $9K, described as “Installation of 300PSF sidewalk shed as per plans. All equipment shall comply with ch #33 of the NYC code 2022. No change in use, occupancy or egress under this application.”
- Alteration, filed Oct 18, 2024, estimated cost $1K, described as “Filing for construction fence. Application related to NB #X01098027.”
- Alteration, filed Oct 10, 2024, estimated cost $1K, described as “Herewith filing roof protection plans in conjuction with NB# X01098027.”
- Alteration, filed May 7, 2024, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Apr 18, 2024, estimated cost $40K, described as “Full demolition to a three story house”
Property taxes
- Assessment
- $493,650
- 2026–27 tax
- $1,485
- Market value (city estimate)
- $1,097,000
- Taxable value
- $441,546
- Assessed land
- $75,150
- Assessed improvements
- $418,500
Zoning
R7-1: floor area ratio 2.61 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 8, 2024: $540,000
- Feb 15, 2024: $265,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 1938 Prospect Avenue in Tremont, The Bronx, New York YIMBY, Jun 19, 2026.