# 55 Summit Street, Brooklyn

Apartment building · 5 units · built 2020 · Block 352, Lot 150.

On Umarelli: https://umarelli.org/nyc/3003520150/55-summit-street

More construction in Cobble Hill: https://umarelli.org/nyc/brooklyn/cobble-hill.md

## Building permits

- Alteration, filed Apr 6, 2021, estimated cost $5K, described as “Installation of heavey duty sidewalk shed and pipe scaffold as per drawings during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of the NYC building code of 2014.”
- Alteration, filed Jul 22, 2020, estimated cost $40K, described as “Filing for the installation of temporary construction fence in conjunction with new building application #321596787; no change to use, egress or occupancy.”
- Alteration, filed Apr 24, 2020, estimated cost $225K, described as “Filing for plumbing and sprinkler work for five(5) story residential new building with five(5) dwelling units in conjunction with NB job # 321596787.”
- Alteration, filed Apr 23, 2020, estimated cost $195K, described as “Filing for mechanical work in conjunction with five (5) story residential new building filed under application job number 321596787.”
- Alteration, filed Apr 17, 2020, estimated cost $250K, described as “Filing for structural work in conjunction with five (5) story residential new building filed under application job # 321596787.”

## Property taxes

- Assessment: $851,850
- Market value (city estimate): $1,893,000
- Taxable value: $0
- Assessed land: $76,050
- Assessed improvements: $775,800

## Tax breaks

- Article XI exemption, through Jun 30, 2064, about $105,962 a year below the full tax.

## Zoning

R6B: floor area ratio 3.04 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jul 7, 2024: $185,358
- Apr 4, 2024: $183,039
- Feb 8, 2024: $183,039
- Feb 8, 2024: $195,605
- Jan 29, 2024: $203,904

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

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.

## In the news

[Affordable Housing Lottery Opens for Co-op Apartments, Starting at 183K, in Brooklyn](https://www.brownstoner.com/development/affordable-housing-brooklyn-coops-55-summit-street-lottery/), Brownstoner, Mar 21, 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