3128 Bailey Street, The Bronx
Apartment building · 40 units · built 2023 · Block 3261, Lot 33.
Building permits
- New Building — Multi-Family, filed Jul 7, 2021, estimated cost $1.0M, 40 units, 6 stories, described as “Proposed new 6 story + cellar mixed use building. Proposed 40 dwelling units and community facility at ground floor.”
- Alteration, filed Jan 19, 2023, described as “Installation of temporary heavy duty sidewalk shed per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 19, 2023, estimated cost $2K, described as “Installation of temporary debris chute per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 19, 2023, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed May 23, 2022, estimated cost $25K, described as “Fo application hereby filed in conjunction to NB #X00546584-I1.”
- Alteration, filed Apr 13, 2022, estimated cost $5K, described as “Installation of 300PSF sidewalk shed and overhead protection as per plans. All equipment shall comply with chapter #33 of the 2014 code no change in 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.”
- 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 Oct 21, 2021, estimated cost $3K, described as “Curb cut application filing conjunction to NB# X00546584-I1”
- Alteration, filed Oct 18, 2021, estimated cost $1K, described as “Fence application hereby filed in conjunction to NB #X00546584.”
Property taxes
- Assessment
- $2,173,950
- 2026–27 tax
- $35,816
- Market value (city estimate)
- $4,831,000
- Taxable value
- $451,127
- Assessed land
- $200,250
- Assessed improvements
- $1,973,700
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $214,302 a year below the full tax.
- Abatement (city code GCCA), through Jun 30, 2030, a $20,300 credit this tax year.
Zoning
R6: floor area ratio 3.19 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 16, 2026: $177,000, 28,378 sq ft ($6 per sq ft)
- Dec 2, 2021: $1,700,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 3128 Bailey Avenue in Jerome Park, The Bronx, New York YIMBY, Aug 27, 2022.