# 1938 Prospect Avenue, The Bronx

Apartment building · 14 units · built 2025 · Block 2956, Lot 4.

On Umarelli: https://umarelli.org/nyc/2029560004/1938-prospect-avenue

More construction in East Tremont: https://umarelli.org/nyc/bronx/east-tremont.md

## 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.

## 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.

## Flood zone

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

## In the news

[Housing Lottery Launches for 1938 Prospect Avenue in Tremont, The Bronx](https://newyorkyimby.com/2026/06/housing-lottery-launches-for-1938-prospect-avenue-in-tremont-the-bronx.html), New York YIMBY, Jun 19, 2026.

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