New York City » 10457 » 3rd Ave » 4040 3rd Ave

4040 3rd Avenue, Bronx, NY 10457 - Property report

Also known as: 531 E 174th St

Property image for 4040 3rd Avenue, Bronx, NY 10457

Property type

Stand Alone Food Establishment (K5)

Year built

2005

Lot sq. ft.

28,984

Sale price

$13,000,000

General information

Address

Primary address

4040 3rd Avenue

Alternate address(es)

4032-4040 3rd Ave
531 E 174th St

ZIP code

10457

Neighborhood

Claremont

Borough

Bronx

Block & lot

02930-0026

Building

Property type

Stand Alone Food Establishment (K5)

Building sq. ft.

3,340

Building dimensions

67 ft x 50 ft

Buildings on lot

Year built

2005

Building material

Sales

Sale date

04/25/2024

Sale price

$13,000,000 - M

Tax

Tax year

2026-2027

Property tax

$66,683

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

290 ft x 100 ft

Lot sq. ft.

28,984

Area overview

Walk score

82 /100. Very Walkable

Transit score

98 /100. Rider's Paradise

Bike score

70 /100. Very Bikeable

School district

Community district

Closest police station

0.78 Miles

Closest fire station

0.17 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 4040 3rd Avenue, Bronx, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 4040 3rd Avenue, Bronx, NY 10457

Sale date	Sale price	Buyer name	Seller name
04/25/2024	$13,000,000	XX XXXXX XXX, XXX	XXXXXXXX XXXXX XX XXX XXX XXXXXXXX XXXXX XXX
11/10/2011	$621,270	XXXXXXXX XXXXX, XXX	XXX XXXX XX XXX XXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
05/16/2024 - R	UCC3 Termination (2024051500983002)	XXXXXXXX XXXXX XXX	XXXXXXXX XXXXXXXX XXXX
05/16/2024 - R	UCC3 Termination (2024051500983001)	XXXXXXXX XXXXX XXX	XXXXXX XXXXXX XXXX X X
05/16/2024 - R 05/15/2024 - D	Termination of Assign of L&R (2024051500965003)	XXXXXXXX XXXXX XXX	XXXXXXXX XXXXXXXX XXXX
05/16/2024 - R 05/15/2024 - D	Termination of Assign of L&R (2024051500965002)	XXXXXXXX XXXXX XXX	XXXXXXXX XXXXXXXX XXXX
05/16/2024 - R 05/15/2024 - D	Satisfaction of Mortgage (2024051500965001)	XXXXXXXX XXXXX XXX	XXXXXXXX XXXXXXXX XXXX
05/15/2024 - R 04/25/2024 - D	Deed (2024043000022001)	XXXXXXXX XXXXX XX XXX	XX XXXXX XXX XXX
07/31/2023 - R 07/21/2023 - D	Agreement (2023072600330002)	XXXXXX XXXXXX XXXX X X	XXXXXXXX XXXXX XX XXX
07/31/2023 - R 07/21/2023 - D	Deed (2023072600330001)	XXXXXXXX XXXXX XXX	XXXXXXXX XXXXX XX XXX
01/06/2022 - R	UCC3 Continuation (2022010401161001)	XXXXXXXX XXXXX XXX	XXXXXXXX XXXXXXXX XXXX XXX XXXXXX XXXXXX XXXX
10/27/2017 - R	Initial UCC1 (2017102601665005)	XXXXXXXX XXXXX XXX	XXXXXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 4040 3rd Avenue, Bronx, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$66,683

Municipal exemptions

Recent tax assessments

Market value

$1,950,000

Assessed value

$877,500

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$1,852,000	$833,400	$549,405	10.848%	$87,312	$59,599	+4.52%
2024/25	$1,832,000	$824,400	$529,830	10.762%	$88,441	$57,020	+10.25%
2023/24	$1,815,000	$816,750	$488,295	10.592%	$86,510	$51,720	+1.56%
2022/23	$1,814,000	$816,300	$478,350	10.646%	$86,903	$50,925	-1.01%
2021/22	$1,630,000	$733,500	$478,350	10.755%	$78,888	$51,447	-4.63%
2020/21	$2,040,000	$918,000	$504,450	10.694%	$91,193	$53,946	+4.59%
2019/20	$1,998,000	$899,100	$489,510	10.537%	$86,137	$51,580	+2.56%
2018/19	$1,874,000	$843,300	$478,350	10.514%	$83,082	$50,294	0.00%
2017/18	$1,823,000	$820,350	$478,350	10.514%	$80,640	$50,294	-0.57%
2016/17	$1,740,000	$783,000	$478,350	10.574%	$78,674	$50,581	+7.81%

Permits

Permit information for 4040 3rd Avenue, Bronx, NY

Filing date	Job type	Job status	Job description	Initial cost
11/04/2025	Alteration
11/04/2025	Alteration
11/04/2025	Alteration
09/18/2025	Alteration
09/18/2025	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	08/05/2025	C-construction other optional

*Most recent DOB violation on record for this property.

Listings

Neighborhood

Bronx commercial market stats

Review a detailed real estate market overview of Bronx and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Bronx and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$302

11.9% Y-o-Y

Q1 2026 median price/sq. ft.

$334

9.2% Y-o-Y

2025 median price/sq. ft.

$293

-1.7% Y-o-Y

Check out recently sold homes in Bronx and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Boston Rd & 174th St at SW Corner

Station lines

2-5

Distance (miles)

0.632

View subway map

Access the detailed traffic volume map for 4040 3rd Avenue, Bronx, NY 10457 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for 4040 3rd Avenue, Bronx, NY 10457?

The development at 4040 3rd Avenue, Bronx, NY 10457 was built in 2005.

What is the market value of 4040 3rd Avenue, Bronx, NY 10457?

The current market value of 4040 3rd Avenue, Bronx, NY 10457 is $1,950,000.

What is the total square footage of 4040 3rd Avenue, Bronx, NY 10457?

4040 3rd Avenue, Bronx, NY 10457 has a total of 3,340 square feet.

What is the price per square foot for this property?

$3,892 per square foot is the price for 4040 3rd Avenue, Bronx, NY 10457.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.