397 1st Street, Brooklyn
Condominium · 8 units · built c. 1920 · Block 966, Lot 7502.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $2,172,598
- 2026–27 tax
- $53,060
- Market value (city estimate)
- $4,827,999
- Taxable value
- $426,561
- Assessed land
- $128,249
- Assessed improvements
- $2,044,349
- Condo units with their own tax lots
- 8
Tax breaks
- J-51 exemption, through Jun 30, 2029, about $24,668 a year below the full tax.
Zoning
R6B: floor area ratio 3.42 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
- Jan 8, 2024: $1,200,000, Apt 2R
- Sep 30, 2022: $1,795,000, Apt 1R
- May 16, 2022: $908,000, Apt 4R
- Jul 25, 2016: $1,200,000, Apt 3R
- Mar 3, 2016: $245,000, Apt 1L
Open-market sales since 2016, from the Department of Finance’s sales files.