85 Jay Street, Brooklyn
Condominium · 727 units · built 2018 · Block 54, Lot 7501.
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Building permits
Permit records are unavailable right now; the map lists them once the city responds.
Property taxes
- Assessment
- $183,902,368
- 2026–27 tax
- $15,818,285
- Market value (city estimate)
- $408,672,006
- Taxable value
- $164,826,261
- Assessed land
- $8,564,853
- Assessed improvements
- $175,337,515
- Condo units with their own tax lots
- 411
Tax breaks
- Co-op and condo abatement, with no end date, a $775,906 credit this tax year.
Zoning
M1-2/R8: floor area ratio 7.80 built, above the 6.02 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 24, 2026: $1,325,000, Apt 11C
- Sep 23, 2026: $2,900,000, Apt 11E
- Sep 14, 2026: $1,625,000, Apt 2B
- Sep 14, 2026: $2,710,000, Apt 7L
- Sep 8, 2026: $1,499,000, Apt 3F
- Aug 31, 2026: $2,035,000, Apt 4D
- Aug 31, 2026: $2,725,000, Apt 7E
- Aug 28, 2026: $1,505,000, Apt 4F
- Aug 26, 2026: $1,565,000, Apt 6A
- Aug 24, 2026: $1,210,000, Apt 4G
The 10 most recent of 342 open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Variance or special permit (Board of Standards and Appeals 2020-72-BZ): Variance or special permit, Granted, filed Sep 11, 2020, decided Mar 22, 2021. Special Permit (§73-36) to permit the operation of a physical cultural establishment (Life Time) located in the cellar, ground and mezzanine floors of an existing building contrary to ZR §42-10. M1-2/R8 (MX-2) zoning district.
In the news
Magnolia DUMBO Celebrates Grand Opening at 160 Front Street In DUMBO, Brooklyn, New York YIMBY, Jul 8, 2022.