127 Concord Street, Brooklyn
Apartment building · 73 units · built 2023 · Block 107, Lot 48.
Building permits
- New Building — Mid-Rise, filed Feb 16, 2022, estimated cost $13.0M, 73 units, 13 stories, described as “Proposed new thirteen story and cellar mixed use building.”
- Alteration, filed Mar 16, 2023, estimated cost $6K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 3, 2022, estimated cost $6K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 3, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 6, 2022, estimated cost $3K, described as “Curb cut application filed in conjunction with NB job #B00664091.”
- Alteration, filed May 16, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 26, 2022, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
Property taxes
- Assessment
- $10,509,750
- 2026–27 tax
- $37,459
- Market value (city estimate)
- $23,355,000
- Taxable value
- $301,140
- Assessed land
- $776,250
- Assessed improvements
- $9,733,500
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $1,269,849 a year below the full tax.
Zoning
C6-2: floor area ratio 9.42 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
- May 10, 2022: $12,800,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for Amnia at 127-131 Concord Street in Downtown Brooklyn, New York YIMBY, Nov 25, 2023.