279 1st Street, Brooklyn
Co-op · 12 units · built c. 1921 · Block 964, Lot 57.
Building permits
- Alteration, filed Oct 18, 2021, estimated cost $39K, described as “Replace boiler and oil burner. Register oil fired water heater.”
- Alteration, filed Oct 18, 2021, estimated cost $2K, described as “File water piping for oil fired hot water heater.”
Property taxes
- Assessment
- $884,250
- 2026–27 tax
- $89,482
- Market value (city estimate)
- $1,965,000
- Taxable value
- $785,340
- Assessed land
- $27,900
- Assessed improvements
- $856,350
Tax breaks
- Co-op and condo abatement, with no end date, a $8,207 credit this tax year.
Zoning
R6B: floor area ratio 2.86 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
- Nov 26, 2025: $985,000
- May 23, 2025: $970,000
- May 21, 2025: $745,000
- Jun 20, 2024: $777,000
- Feb 8, 2024: $710,000
- Jan 12, 2024: $850,000
- Mar 24, 2023: $1,300,000
- Feb 15, 2023: $690,000
- Jan 4, 2023: $20,000
- Feb 17, 2022: $675,000
The 10 most recent of 18 open-market sales since 2016, from the Department of Finance’s sales files.