498 Sackett Street, Brooklyn
Apartment building · 173 units · built 2023 · Block 431, Lot 12.
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Building permits
Permit records are unavailable right now; the map lists them once the city responds.
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.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29).
Recent sales
- May 19, 2023: $100,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
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…