# 555 Nereid Avenue, The Bronx

Care facility · built 1942 · Block 5065, Lot 1.

On Umarelli: https://umarelli.org/nyc/2050650001/555-nereid-avenue

More construction in Wakefield: https://umarelli.org/nyc/bronx/wakefield.md

## Building permits

- Alteration, filed Oct 8, 2020, estimated cost $29K, described as “Installation of fuel oil piping and fuel oil storage tank for generator located at roof”
- Alteration, filed Apr 19, 2019, estimated cost $55K, described as “Installation of scaffold as per drawings. Scaffold shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Jan 29, 2019, estimated cost $7K, described as “Install heavyduty sidewalk shed for remedial repairs as per plans. No change in use occupancy or egress under this application. Sidewalk shed shall comply with chpater 33 of the 2014 NYC building code.”

## Property taxes

- Assessment: $4,086,000
- Market value (city estimate): $9,080,000
- Taxable value: $0
- Assessed land: $461,250
- Assessed improvements: $3,624,750

## Tax breaks

- 420-c exemption, through Jun 30, 2079, about $443,249 a year below the full tax.

## Zoning

M1-1: floor area ratio 1.30 built, above the 1.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- Variance or special permit (Board of Standards and Appeals 2017-205-BZ): Variance or special permit, Granted, filed Jun 8, 2017, decided Apr 17, 2018. Variance (§72-21) to permit the conversion of the former Sgt. Joseph E. Muller U.S. Army Reserve Center into a 90-bed Use Group 3A non-profit institution with sleeping accommodations contrary to ZR §42-10. M1-1 zoning district.

## In the news

[Affordable Housing Lottery Launches for Muller Residences at 555 Nereid Avenue in Wakefield, The Bronx](https://newyorkyimby.com/2021/08/affordable-housing-lottery-launches-for-muller-residences-at-555-nereid-avenue-in-wakefield-the-bronx.html), New York YIMBY, Aug 31, 2021.

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