# 537 Sackett Street, Brooklyn

Apartment building · 225 units · built 2025 · Block 426, Lot 1.

On Umarelli: https://umarelli.org/nyc/3004260001/540-degraw-street

More construction in Gowanus: https://umarelli.org/nyc/brooklyn/gowanus.md

## Building permits

- New Building — Mid-Rise, filed Oct 28, 2021, 255 units, 10 stories, described as “Development hub. This job to be filed with the development hub. Initial consultation occurred on september 27TH,2021. Erect 10 story mixed use new building.”
- Alteration, filed Jun 15, 2026, estimated cost $468K, described as “Installation of solar panels on existing roof structure. No change in egress,use, or occupancy.”
- Alteration, filed Dec 12, 2025, estimated cost $20K, described as “Equipment use: dual hoist car# 1 6844# and CAR#2 6880# capacity personnel hoists during NB const, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application…”
- Alteration, filed Dec 2, 2025, estimated cost $11K, described as “Construction of temporary "construction shanty" as per drawings. No change in use, egress and occupancy.”
- Alteration, filed Sep 26, 2025, estimated cost $40K, described as “Installation of a temporary Supported scaffold 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 Jun 26, 2025, estimated cost $12K, described as “Installation of a temporarily heavy-duty 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 9, 2022, estimated cost $3K, described as “Installation of a temporary heavy-duty sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Sep 9, 2022, estimated cost $3K, described as “Installation of a temporary overhead protection per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jul 26, 2022, estimated cost $1K, described as “SOE remediation work in conjunction with NB#B00665570 & adjacent NB#B00600959.”
- Alteration, filed May 23, 2022, estimated cost $1K, described as “Application filed for remediation support of excavation work as per plans. Application filed in conjunction with NB B00600959 (x0x phase)”
- Alteration, filed May 18, 2022, estimated cost $1K, described as “Curb cut being filed for parking garage. Application being filed in conjunction with NB #B00600959.”
- Alteration, filed Apr 20, 2022, estimated cost $1K, described as “Application filed to install portion of foundation in conjunction with NB# B00600959.”
- Alteration, filed Apr 13, 2022, estimated cost $10K, described as “Installation of construction fence as per PAA3 drawing.”
- Alteration, filed Dec 13, 2021, estimated cost $10K, described as “Installation of 300PSF sidewalk shed & plywood fence as per plans during construction. No change in use, egress or occupancy. Sidewalk shed & plywood fence shall comply with chapter 33 of NYC building code of 2014.”

## Property taxes

- Assessment: $990,900
- 2026–27 tax: $93,279
- Market value (city estimate): $2,202,000
- Taxable value: $749,893
- Assessed land: $990,900

## Zoning

M1-4/R7X (part of the lot is M1-4/R6A): floor area ratio 6.28 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Dec 15, 2017: $26,500,000

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

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.

## 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

[Majestic Tops Out at 540 Degraw Street in Gowanus, Brooklyn](https://newyorkyimby.com/2026/06/majestic-tops-out-at-540-degraw-street-in-gowanus-brooklyn.html), New York YIMBY, Jun 19, 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