# 2308 Prospect Avenue, The Bronx

Apartment building · 13 units · built 2023 · Block 3114, Lot 5.

On Umarelli: https://umarelli.org/nyc/2031140005/2308-prospect-avenue

More construction in Belmont: https://umarelli.org/nyc/bronx/belmont.md

## 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.

## Recent sales

- Aug 15, 2022: $550,000

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 2308 Prospect Avenue in Belmont, The Bronx](https://newyorkyimby.com/2025/01/permits-filed-for-2308-prospect-avenue-in-belmont-the-bronx.html), New York YIMBY, Jan 8, 2025.

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