# 127 Concord Street, Brooklyn

Apartment building · 73 units · built 2023 · Block 107, Lot 48.

On Umarelli: https://umarelli.org/nyc/3001070048/131-concord-street

More construction in Downtown Brooklyn: https://umarelli.org/nyc/brooklyn/downtown-brooklyn.md

## 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.

## Recent sales

- May 10, 2022: $12,800,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

## In the news

[Housing Lottery Launches for Amnia at 127-131 Concord Street in Downtown Brooklyn](https://newyorkyimby.com/2023/11/housing-lottery-launches-for-amnia-at-127-131-concord-street-in-downtown-brooklyn.html), New York YIMBY, Nov 25, 2023.

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