740 5th Avenue, Brooklyn
Commercial · built 1960 · Block 652, Lot 39.
Building permits
- No Work, filed Sep 30, 2019
- Alteration, filed Aug 22, 2019, estimated cost $5K, described as “Application is filed to obtain equipment use permit cards for mechanical condensing units on dunnage located on the high-level roof of the1st floor.”
Property taxes
- Assessment
- $382,050
- 2026–27 tax
- $31,408
- Market value (city estimate)
- $849,000
- Taxable value
- $289,530
- Assessed land
- $180,450
- Assessed improvements
- $201,600
Zoning
M1-1D: floor area ratio 0.22 built, 1.50 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jan 24, 2018: $2,700,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Brooklyn CD 7 Walk to Park Site Selection/Acq. (City Planning 2025K0318): Noticed. The Department of Parks and Recreation (DPR), along with co-applicant the Department of Citywide Administrative Services (DCAS), seeks approval for the acquisition and site selection (PC) of privately-owned properties for future park…