# 397 1st Street, Brooklyn

Condominium · 8 units · built c. 1920 · Block 966, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3009667502/397-1-street

More construction in Park Slope: https://umarelli.org/nyc/brooklyn/park-slope.md

Every lot on block 966: https://umarelli.org/nyc/brooklyn/966.md

## 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.

## 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.

## 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