2308 Prospect Avenue, The Bronx
Apartment building · 13 units · built 2023 · Block 3114, Lot 5.
Building permits
- New Building — Multi-Family, filed Jun 9, 2022, estimated cost $490K, 13 units, 4 stories, described as “Proposed 4 story and penthouse residential use building.”
- Alteration, filed Aug 24, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed, pipe scaffolding, overhead protection, and roof 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.”
- Demolition, filed Apr 25, 2023, estimated cost $10K, described as “Demolition of a one story detached garage”
- Alteration, filed Nov 9, 2022, estimated cost $10K, described as “Plumbing and sprinkler work”
- Alteration, filed Jun 10, 2022, estimated cost $2K, described as “Foundation herewith filed for foundation element in conjunction with NB X00754507-I1. This element is to be incorporated into the final foundation”
Property taxes
- Assessment
- $566,550
- 2026–27 tax
- $1,497
- Market value (city estimate)
- $1,259,000
- Taxable value
- $12,031
- Assessed land
- $76,950
- Assessed improvements
- $489,600
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $68,977 a year below the full tax.
Zoning
R7-1: floor area ratio 2.38 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 15, 2022: $550,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 2308 Prospect Avenue in Belmont, The Bronx, New York YIMBY, Jan 8, 2025.