542 5th Avenue, Brooklyn
Two-family with store · built c. 1925 · Block 1041, Lot 42.
Building permits
- Major Renovation — Enlargement, filed Sep 14, 2026, estimated cost $2.1M, 3 units added, 6 stories, described as “Proposed vertical extension from 3-story to a 6-story residential and commercial mixed-use building with cellar. Obtain new certificate of occupancy.”
Property taxes
- Assessment
- $345,840
- 2026–27 tax
- $14,236
- Market value (city estimate)
- $5,764,000
- Taxable value
- $71,741
- Assessed land
- $25,200
- Assessed improvements
- $320,640
Zoning
C4-3A: floor area ratio 2.04 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 11, 2022: $3,160,000
Open-market sales since 2016, from the Department of Finance’s sales files.