# 498 Sackett Street, Brooklyn

Apartment building · 173 units · built 2023 · Block 431, Lot 12.

On Umarelli: https://umarelli.org/nyc/3004310012/504-sackett-street

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

## Building permits

- New Building — Tower, filed Nov 4, 2021, 173 units, 21 stories, described as “Affordable housing; accepted into hub during consultation on 4/2/21. 21-story new mixed-use building.”
- Alteration, filed Apr 6, 2026, estimated cost $27K, described as “Installation of medical gas piping on 1st floor.”
- Alteration, filed Nov 4, 2025, estimated cost $750, described as “Install exterior illuminated wall sign ( good vets)”
- Alteration, filed Nov 4, 2025, estimated cost $300, described as “Install exterior illuminated blade sign ( good vets)”
- Alteration, filed Oct 29, 2025, estimated cost $73K, described as “Plumbing work in conjunction with veterinary clinic fit-out.”
- Alteration, filed Sep 5, 2025, estimated cost $20K, described as “Sprinkler work associated with veterinary clinic fit-out.”
- Alteration, filed Sep 4, 2025, estimated cost $125K, described as “Mechanical work associated with veterinary clinic fit-out”
- Alteration, filed Sep 4, 2025, estimated cost $800K, described as “Interior alterations for a veterinary clinic, including new partitions and ceilings.”
- Alteration, filed Aug 27, 2025, estimated cost $50K, described as “Structural work as shown on plans filed herewith. No change in use, egress, or occupancy.”
- No Work, filed Jul 1, 2025
- Alteration, filed Apr 29, 2024, estimated cost $1K, described as “Application is filed for a Temporary Use Permit for a sales office including model apartments pursuant to section AC 28-111 and Buildings Bulletin 2010-002.”
- Alteration, filed Dec 14, 2023, described as “CD5 Application Amendment (Adding outrigger beam configurations)”
- Alteration, filed Nov 28, 2023, estimated cost $1K, described as “Installation and use of telehandler as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Aug 7, 2023, estimated cost $10K, described as “Installation of a temporarily 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 Jul 19, 2023, estimated cost $1K, described as “Installation and use of temporary material platform as per plans filed herewith. No change to use, egress or occupancy under this application.”
- Alteration, filed Jul 10, 2023, estimated cost $1K, described as “Installation and use of temporary concrete placing boom as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Jul 7, 2023, estimated cost $3K, described as “Installation of a temporary overhead 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 May 19, 2023, estimated cost $10K, described as “Installation of a temporary roof protection and overhead 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 May 19, 2023, estimated cost $10K, described as “Installation of a temporarily heavy-duty sidewalk 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 Apr 28, 2023, estimated cost $20K, described as “Installation of dual 6416# capacity personnel/material hoists during NB filed sep. Hoists shall comply with the 2022 bldg codes, ch #33. No change in use, occupancy or egress under this application. Elev appl submitted to elev dept under…”
- Alteration, filed Mar 24, 2023, estimated cost $20K, described as “Installation of a temporary construction fence 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 Jul 14, 2022, estimated cost $14K, described as “Installation of construction fence as per drawings. Construction fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Fence to be installed on roadway. Dot permits by other.”
- Alteration, filed Mar 11, 2022, estimated cost $5K, described as “Installation of plywood fence as per drawings during bldg demolition, filed sep. Fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Fence to be installed on sidewalk/roadway.dot…”
- Alteration, filed Mar 10, 2022, estimated cost $5K, described as “Installation of 300psf sidewalk shed and overhead protection as per plans. All equipment shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Dec 9, 2021, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans during construction. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2014.”

## Property taxes

- Assessment: $28,678,500
- 2026–27 tax: $179,507
- Market value (city estimate): $63,730,000
- Taxable value: $1,443,102
- Assessed land: $742,500
- Assessed improvements: $27,936,000

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $3,370,504 a year below the full tax.

## Zoning

M1-4/R7-2: floor area ratio 5.94 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 19, 2023: $100,000,000

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

## Flood zone

Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29).

## Board and land use applications

- GSD Waterfront Cert: 267 Bond and 498 Sackett St. (City Planning 2022K0437): Certification, Completed, filed Oct 28, 2022, decided Jan 6, 2023. Chairperson Certifications pursuant to ZR 62-811 b) to facilitate two new as-of-right 21-story mixed-use developments (totaling 262,000 sf and 170,000 sf), including a total of approx. 20,000 SF of waterfront public access areas, is being…
- GSD Remediation Certification - Sackett Place (City Planning 2022K0299): Certification, Completed, filed Feb 18, 2022, decided Mar 7, 2022. A Chairperson Certification pursuant to ZR 139-51 (g) to facilitate a new as-of-right mixed-use development, including 20,000 SF of waterfront public access areas, is being sought by a private applicant, Gowcan LLC, at 267 Bond Street and…
- 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…

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