551 Sackett Street, Brooklyn
Parking · built c. 1931 · Block 426, Lot 17.
Building permits
- New Building — Mid-Rise, filed Feb 4, 2022, 300 units, 13 stories, described as “Proposed thirteen (13) story + cellar mixed-use building.”
- Alteration, filed May 7, 2026, estimated cost $160, described as “Proposed 8FT construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Dec 11, 2025, estimated cost $70K, described as “Full demolition to a one story building”
- Demolition, filed Dec 11, 2025, estimated cost $70K, described as “Full demolition to a one story building”
- Alteration, filed Aug 26, 2025, estimated cost $1K, described as “(please assign to same examiner as SI application 322120236 as this application is filed in conjunction with that SI application) FILING NO WORK APPLICATION TO UPDATE METES AND BOUNDS IN CONJUNCTION WITH THE SUBDIVISION APPLICATION…”
- Alteration, filed Oct 12, 2022, estimated cost $319K, described as “Propose excavation / grading and temporary structure”
- Alteration, filed Mar 10, 2022, estimated cost $1K, described as “Foundation and earthwork specifications filed in conjunction with NB application #B00665570-I1.”
Property taxes
- Assessment
- $1,275,300
- 2026–27 tax
- $96,501
- Market value (city estimate)
- $2,834,000
- Taxable value
- $889,573
- Assessed land
- $396,450
- Assessed improvements
- $878,850
Zoning
M1-4/R7X: floor area ratio 0.39 built, 5.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Oct 31, 2025: $46,500,000, sold with other lots
- Jan 14, 2022: $300,000, sold with other lots
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…