2123 Glebe Avenue, The Bronx
Apartment building · 111 units · built 2024 · Block 3963, Lot 57.
Building permits
- New Building — Mid-Rise, filed Apr 14, 2022, estimated cost $3.1M, 111 units, 13 stories, described as “Proposed 13 story mixed-use new building”
- Alteration, filed Apr 4, 2025, estimated cost $35K, described as “Fuel Storage Generator Work type filed in conjunction with NB #X00705496-I1.”
- Alteration, filed Feb 22, 2024, estimated cost $3K, described as “Underground Plumbing Work Type filed in conjunction with NB #X00705496-I1”
- Alteration, filed Feb 14, 2024, estimated cost $5K, described as “Installation of temporary needle beam as per plans. Needle beam shall comply with the chapter #33 of the code. No changes in use egress or occupancy under this application.”
- Alteration, filed Feb 14, 2024, estimated cost $10K, described as “Installation of 300 psf sidewalk shed, overhead protection, pipe scaffolding, 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.”
- Alteration, filed Jan 23, 2024, estimated cost $10K, described as “Installation of a single personnel/material hoists. Car# 1 shall be 6000# capacity during new building const filed sep. Hoists shall comply with the 2022 bldg codes, ch #33. No change in use, occ or egress under this app elev appl filed sep”
- Alteration, filed May 11, 2022, described as “Filing Foundation application”
- Alteration, filed Oct 25, 2019, estimated cost $33K, described as “New (2) floor sinks, (3) non-residential sinks, (1) grease trap, (1) gas grill, (1) gas wok, (1) gas 4-burner range, (1) gas fryer, (1) gas hot water heater, (1) gas furnace, (1) gas meter.”
- Alteration, filed Oct 25, 2019, estimated cost $4K, described as “(2) new type-1 hoods, exhaust and make-up air.”
Property taxes
- Assessment
- $11,238,300
- 2026–27 tax
- $17,546
- Market value (city estimate)
- $24,974,000
- Taxable value
- $141,058
- Assessed land
- $217,800
- Assessed improvements
- $11,020,500
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $1,380,386 a year below the full tax.
Zoning
R6: floor area ratio 15.50 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
- Jul 17, 2023: $4,500,000
- Feb 15, 2022: $12,850,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Castle Hill BID (City Planning 2022X0161): Business improvement district, Completed, filed Sep 9, 2021, decided May 4, 2022. An application from the Small Business Services (SBS) on behalf of the proposed Castle Hill Business Improvement District (BID) to form the BID in Community Districts 9 and 10 of the Bronx.
In the news
Housing Lottery Launches for 2123 Glebe Avenue in Westchester Square, The Bronx, New York YIMBY, Jan 10, 2025.