# 2615 Grad Avenue, The Bronx

Apartment building · 34 units · built 2022 · Block 3215, Lot 44.

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On Umarelli: https://umarelli.org/nyc/2032150044/2621-grand-avenue

More construction in Kingsbridge Heights and University Heights: https://umarelli.org/nyc/bronx/kingsbridge-heights-and-university-heights.md

## Building permits

- New Building — Multi-Family, filed May 23, 2022, estimated cost $5.5M, 34 units, 4 stories, described as “New 4 story residential building”
- Alteration, filed Mar 13, 2023, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with general construction. No change in use, egress or occupancy. Sidewalk shed shall comply with 2014 NYC building code,chapter 33.”
- Alteration, filed Feb 10, 2023, estimated cost $26K, described as “New mechanical system installation. All as per plans filed in conjuction with NB DOB application # X00724876-I1.”
- Alteration, filed Jan 13, 2023, estimated cost $26K, described as “New sprinkler system installation in conjunction with NB #X00724876-P2 filed as per plans.”
- Alteration, filed Jan 13, 2023, estimated cost $26K, described as “New plumbing installation in conjunction with NB #X00724876-I1 filed as per plans.”
- Alteration, filed Jul 15, 2022, described as “Herewith Filing Roof Protection Plans in Conjunction with NB# X00724876-I1.”
- Alteration, filed May 11, 2022, estimated cost $370K, described as “Foundation and excavation work in conjunction with NB application # X00724876-I1”
- Alteration, filed Apr 27, 2022, estimated cost $166K, described as “Support of excavation inconjunction with NB application #X00724876-I1”
- Alteration, filed Feb 9, 2022, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Alteration, filed Feb 9, 2022, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”

## Property taxes

- Assessment: $1,456,650
- 2026–27 tax: $6,054
- Market value (city estimate): $3,237,000
- Taxable value: $48,669
- Assessed land: $201,150
- Assessed improvements: $1,255,500

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $175,139 a year below the full tax.

## Zoning

R6: floor area ratio 2.25 built, 2.43 allowed by base zoning.

## Recent sales

- Nov 5, 2021: $950,000
- Dec 16, 2016: $592,500

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

## In the news

[Housing Lottery Launches for 2621 Grand Avenue In University Heights, The Bronx](https://newyorkyimby.com/2024/06/housing-lottery-launches-for-2621-grand-avenue-in-university-heights-the-bronx.html), New York YIMBY, Jun 6, 2024.

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