# 734 5th Avenue, Brooklyn

Condominium · 19 units · built 2018 · Block 649, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3006497502/734-5-avenue

More construction in Sunset Park: https://umarelli.org/nyc/brooklyn/sunset-park.md

Every lot on block 649: https://umarelli.org/nyc/brooklyn/649.md

## Building permits

- Alteration, filed Dec 30, 2019, estimated cost $7K, described as “Alteration type 3 - construction equipment - sidewalk-shed proposed installation of heavy duty sidewalk shed for new building as per plans. No change in use occupancy or egress under this application. Live LOAD300 per square feet. Sidewalk…”
- Alteration, filed Feb 20, 2018, described as “Installation of supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”

## Property taxes

- Assessment: $1,748,408
- 2026–27 tax: $174,928
- Market value (city estimate): $3,885,338
- Taxable value: $1,632,417
- Assessed land: $270,003
- Assessed improvements: $1,478,405
- Condo units with their own tax lots: 29

## Tax breaks

- Co-op and condo abatement, with no end date, a $25,140 credit this tax year.

## Zoning

R6A: floor area ratio 2.88 built, 3.00 allowed by base zoning.

## Recent sales

- Jun 13, 2023: $590,000, Apt 2A
- Jan 4, 2023: $705,000, Apt 6D
- Jun 30, 2022: $743,323, Apt 4A
- Apr 14, 2022: $694,000, Apt 5B
- Apr 4, 2022: $670,000, Apt P7, sold with other lots
- Apr 1, 2022: $649,000, Apt 6C
- Mar 10, 2022: $750,000, Apt P3, sold with other lots
- Jan 4, 2022: $615,000, Apt 5D
- Nov 23, 2021: $1,492,449, Apt P1, sold with other lots
- Oct 28, 2021: $585,000, Apt 5C

The 10 most recent of 19 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

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