# 540 Fulton Street, Brooklyn

Condominium · 327 units · built 2018 · Block 161, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3001617502/540-fulton-street

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

## Building permits

- No Work, filed Mar 9, 2026
- Alteration, filed Jan 28, 2026, estimated cost $2.0M, described as “Removal and installation of interior non load bearing partitions as per plans (5th floor DCAS Tenant)”
- Alteration, filed Apr 14, 2025, estimated cost $1K, described as “Modification to HVAC system as per plans filed herewith. This work was completed under B00977055-S1, but we need to re-file to correct the EUP cards from Daikin to Samsung.”
- Alteration, filed Feb 11, 2025, estimated cost $1K, described as “Erect non-illuminated accessory business d/f blade sign for guitar center.”
- Alteration, filed Aug 21, 2024, estimated cost $4.0M, described as “Removal and installation of interior non-load bearing partitions as per plans (GSA Scope).”
- Alteration, filed Mar 19, 2024, estimated cost $52K, described as “Modification to existing fire sprinkler system for new tenant buildout (guitar center)”
- Alteration, filed Mar 5, 2024, estimated cost $8K, described as “Interior illuminated non-advertising accessory sign - in property lines - guitar center. No change of use, egress or occupancy.”
- Alteration, filed Mar 5, 2024, estimated cost $7K, described as “Illuminated non-advertising accessory wall sign - instruments lessons rentals repairs. No change of use, egress or occupancy.”
- Alteration, filed Dec 15, 2023, estimated cost $500K, described as “Removal and installation of interior non-load bearing partitions as per plans. Structural modification's for warehouse racking only)”
- Alteration, filed Sep 29, 2022, estimated cost $10K, described as “Installation of a heavy duty sidewalk shed (phase i & ii) as per plans in conjunction with NB construction. No change in use, egress or occupancy. Sidewalk shed to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Sep 27, 2022, estimated cost $5K, described as “Installation of a temporary roof protection as per plans in conjunction with NB construction.no change in use, egress or occupancy. Roof protection shall comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Jun 22, 2022, estimated cost $1K, described as “Installation and use of mobile equipment as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Jun 22, 2022, estimated cost $1K, described as “Installation and use of mobile equipment as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed May 5, 2021, estimated cost $5K, described as “Installation of pipe scaffold as per plans. Shall comply with chapter #33 of the 2014 code no change to use, egress or occupancy.”
- Alteration, filed Aug 11, 2020, estimated cost $1K, described as “Installation of support scaffold in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Jun 18, 2020, estimated cost $3K, described as “Modification to existing vault as per plans filed herewith. Filed in connection with NB#321185828.”
- Alteration, filed Mar 23, 2020, estimated cost $1K, described as “Installation of a fuel oil storage tank (1000 gallons) as per plans filed herewith. Filed in conjunction with NB application#321185828.”
- Alteration, filed Mar 23, 2020, estimated cost $1K, described as “Installation of 3 boiler equipment as per plans filed herewith. Filed in connection with NB # 321185828.”
- Alteration, filed Jan 4, 2019, estimated cost $5K, described as “Installation of a temporary scaffold as per plans in conjunction with NB construction . No change in use, egress or occupancy. Scaffold shall comply with 2014 NYC building code, chapter 33.”
- Alteration, filed Nov 15, 2018, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with NB construction. No change in use, egress or occupancy. Sidewalk shed to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Jan 9, 2018, estimated cost $5K, described as “Herewith filed application for installation of construction fence.”

## Property taxes

- Assessment: $50,760,450
- 2026–27 tax: $1,259,155
- Market value (city estimate): $112,801,000
- Taxable value: $11,437,136
- Assessed land: $1,822,500
- Assessed improvements: $48,937,950
- Condo units with their own tax lots: 3

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $4,821,143 a year below the full tax.

## Zoning

C6-4: floor area ratio 19.86 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Oct 15, 2024: $235,400,000, Apt 1201

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

- Proposed Extension of the Downtown Brooklyn BID (City Planning 2027K0210): Business improvement district, In Public Review. An action to facilitate a merger of 2 Business Improvement Districts (BID) and 1 Special Assessment District (SAD). The merger of the MetroTech Area BID, Court-Livingston-Schermerhorn BID and Fulton Mall SAD in Downtown Brooklyn, Community…

## In the news

[The Paxton Wraps Up Construction at 540 Fulton Street in Downtown Brooklyn](https://newyorkyimby.com/2023/06/the-paxton-wraps-up-construction-at-540-fulton-street-in-downtown-brooklyn.html), New York YIMBY, Jun 15, 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