575 3rd Street, Brooklyn
Apartment building · 36 units · built c. 1920 · Block 1079, Lot 1.
Building permits
- Alteration, filed Jan 12, 2024, estimated cost $284K, described as “Installation of solar PV system on the existing rooftop. No changes to the egress, use or occupancy.”
- Alteration, filed Jul 17, 2023, estimated cost $1.0M, described as “Replace boiler and gas/oil burner with boiler and gas burner. No change in use, egress or occupancy.”
- Alteration, filed Jul 17, 2023, estimated cost $10K, described as “Remove existing fuel oil storage tank as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 17, 2023, estimated cost $5K, described as “Connect to existing gas piping for replacement boiler and gas burner. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $3,618,000
- 2026–27 tax
- $405,070
- Market value (city estimate)
- $8,040,000
- Taxable value
- $3,384,440
- Assessed land
- $224,100
- Assessed improvements
- $3,393,900
Tax breaks
- Solar abatement, through Jun 30, 2029, a $15,920 credit this tax year.
Zoning
R7B: floor area ratio 3.48 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jun 27, 2022: $20,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.