740 4th Avenue, Brooklyn
Mixed use · 5 units · built c. 1931 · Block 648, Lot 42.
Building permits
- Alteration, filed May 13, 2025, estimated cost $2K, described as “Illuminated non-advertising accessory wall sign - fresh deli & grocery. No change of use, egress or occupancy.”
- Alteration, filed May 13, 2025, estimated cost $1K, described as “Illuminated non-advertising accessory wall sign - fresh deli & grocery. No change of use, egress or occupancy.”
- Alteration, filed Jan 3, 2025, estimated cost $64K, described as “General renovation of proposed store to remove partitions, replace storefront, install new partition, door, repairing and painting work, mechanical work of kitchen hood exhaust duct system as per plan. No change in use, or occupancy.”
- Alteration, filed Jun 30, 2021, estimated cost $9K, described as “Partial exterior and interior renovation of commercial store work on 1ST floor and roof,with new partitions,door, painting work and install new a/c unit . No change in use, egress or occupancy.”
Property taxes
- Assessment
- $586,800
- 2026–27 tax
- $7,305
- Market value (city estimate)
- $1,304,000
- Taxable value
- $58,725
- Assessed land
- $9,000
- Assessed improvements
- $577,800
Tax breaks
- J-51 exemption, through Jun 30, 2030, about $20,545 a year below the full tax.
Zoning
M1-2D: floor area ratio 3.45 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Feb 24, 2016: $1,575,000
Open-market sales since 2016, from the Department of Finance’s sales files.