264 Butler Street, Brooklyn
Industrial · built c. 1920 · Block 412, Lot 21.
Building permits
- New Building — Large Residential, filed Mar 19, 2026, 95 units, 8 stories, described as “MPP #535-Proposed new 8 story and cellar residential building (Tax lot#21 in conjunction with development tax lots #28, #29, and zoning lots #33, #38)”
- Alteration, filed Dec 3, 2025, estimated cost $5K, described as “Installation of temporary roof protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 3, 2025, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Sep 4, 2025, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Alteration, filed Mar 10, 2025, estimated cost $10K, described as “Proposed to remove sprinkler system in conjunction with full demo job # B01161055. No change to use, egress or occupancy under this application.”
- Demolition, filed Mar 3, 2025, estimated cost $200K, described as “Full demolition to a one story building”
Property taxes
- Assessment
- $959,754
- 2026–27 tax
- $97,190
- Market value (city estimate)
- $2,132,787
- Taxable value
- $895,923
- Assessed land
- $162,000
- Assessed improvements
- $797,754
Zoning
M1-4/R6A: floor area ratio 1.21 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 19, 2025: $15,250,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Gowanus Neighborhood Plan (City Planning 2018K0382): Zoning map change, Zoning text change, City map change, Urban development action area, Completed, decided Dec 6, 2021. The Gowanus Neighborhood Plan is a shared, long-term vision for a thriving neighborhood. It looks to identify strategies for an equitable, resilient and sustainable Gowanus, with more local jobs and housing. The Plan supports community…
In the news
Demolition Nears Completion At 264 Butler Street in Gowanus, Brooklyn, New York YIMBY, Mar 22, 2026.