1 2nd Avenue, Brooklyn
Commercial · built 1957 · Block 979, Lot 31.
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Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $4,861,800
- 2026–27 tax
- $140,945
- Market value (city estimate)
- $10,804,000
- Taxable value
- $4,296,600
- Assessed land
- $251,100
- Assessed improvements
- $4,610,700
Tax breaks
- ICAP abatement, through Jun 30, 2041, a $325,150 credit this tax year.
Zoning
M2-1: floor area ratio 1.98 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).