127 12th Street, Brooklyn
Industrial · built c. 1931 · Block 1020, Lot 52.
Building permits
- Major Renovation — Non-residential, filed Mar 27, 2026, estimated cost $3.2M, 4 stories, described as “Herewith filing to enlarge existing building and establish mixed use recreation center and office space per plans.”
- Alteration, filed Mar 3, 2026, estimated cost $50K, described as “Radon mitigation system and associated piping and fans”
- Alteration, filed Aug 4, 2025, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of the NYC building code. Live load 300PSF.”
Property taxes
- Assessment
- $1,269,000
- 2026–27 tax
- $88,569
- Market value (city estimate)
- $2,820,000
- Taxable value
- $816,457
- Assessed land
- $200,250
- Assessed improvements
- $1,068,750
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2033, about $47,874 a year below the full tax.
Zoning
M2-1: floor area ratio 1.42 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- Hamilton Plaza Modification and Waterfront Cert (City Planning P2014K0230): Completed, decided Nov 4, 2015. Private application for the amendment of conditions of the Goya special permit to allow non-warehouse and non-office uses on the upper floors of the building and a chairperson certification to facilitate the change of use on an upper floor…