Anthony Verrelli files plans for 68 units in Morrisania

Anthony Verrelli submitted a new building construction project for a 68-unit, 56,295-square-foot residential (R-2) building at 497 East 166th Street in Morrisania, Bronx. The plan was filed on April 22, 2026. It calls for the construction of a 103-foot-tall, eleven-story building and was filed with the New York City Department of Buildings under job number X01384861. The applicant is the Registered Architect Mohammad Badaly of Badaly Architects. Anthony Verrelli is an attorney and also the property owner.

The neighborhood

In Morrisania, The majority, or 52 percent of the 25.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 20 percent of the space. In sales, Morrisania has near average sales volume among other neighborhoods with $118.4 million in sales volume in the last two years and is the 11th highest in Bronx. For development, Morrisania has near average amount of major developments among other neighborhoods and is the 22nd highest in Bronx. It had 562,465 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of eight of the 30 commercial properties representing 228,569 square feet of the 355,204 square feet. The largest owner is Beulah Hdfc, followed by Comunilife and then Jacob Jacobowitz.
On the tax block, there were three new building construction projects totaling 99,172 square feet. The largest is a 68-unit, 54,071 square-foot residential (R-2) building submitted by Anthony Verrelli and filed by Anthony Verrelli with plans filed April 22, 2026 and it has not been permitted yet. The second largest is a 46-unit, 39,960 square-foot residential (R-2) building submitted by Anthony Verrelli with plans filed April 8, 2022 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 497 east 166 street, PincusCo identified six commercial real estate items of interests occurred over the past 24 months.
Of those six items, one was in new building development. It was a new building permit issued on December 4, 2024 for a 25,480-square-foot residential (R-2) building with 25 residential units at 453 East 166th Street.
Of those six items, two were for major renovation including a certificate of occupancy change. They were two permit applications with a total initial cost of $1.6 million. The most recent of these two items was the filing on January 23, 2026 for a 10,805-square-foot residential (R-2) building with 21 residential units at 491 East 166th Street.
Of those six items, three were loans above $5 million totaling $59.5 million. The most recent of the three was Joel Brach in which borrowed $38.5 million from Popular Bank secured by the zero-square-foot industrial (G7) on 453 East 166th Street on April 25, 2025.

Direct link to the property ACRIS page and link to DOB NOW portal.