# 240 Nassau Street, Brooklyn

Community center · built 1975 · Block 110, Lot 25.

On Umarelli: https://umarelli.org/nyc/3001100025/240-nassau-street

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

## Building permits

- Alteration, filed Oct 23, 2024, estimated cost $210K, described as “Replacement of 2 units on the roof with a capacity of 60 tons. No change to egress, use, or occupancy.”

## Property taxes

- Assessment: $2,489,850
- 2026–27 tax: $256,860
- Market value (city estimate): $5,533,000
- Taxable value: $2,367,810
- Assessed land: $308,250
- Assessed improvements: $2,181,600

## Zoning

R6: floor area ratio 0.99 built, 2.43 allowed by base zoning.

## Recent sales

- Nov 16, 2023: $15,000,000

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

## Flood zone

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

## Board and land use applications

- 240 Nassau Street (City Planning 2026K0233): Zoning map change, Zoning text change, Special permit, In Public Review. A zoning map amendment (R6 to C6-12), text amendment (to modify ZR 74-752 and amend Appendix F), and a special permit (ZR 74-752) to facilitate a new 1.4M SF mixed-use development with 1,502 units (302 permanently affordable),132k of…

## In the news

[Four-Building 240 Nassau Street Complex to Begin ULURP Process Next Month in Vinegar Hill, Brooklyn](https://newyorkyimby.com/2026/06/four-building-240-nassau-street-complex-to-begin-ulurp-process-next-month-in-vinegar-hill-brooklyn.html), New York YIMBY, Jun 27, 2026.

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