525 5th Street, Brooklyn
Co-op · 8 units · built c. 1920 · Block 1082, Lot 49.
Building permits
- Alteration, filed Apr 22, 2025, estimated cost $4K, described as “Register gas-fired dryer as per plans. Filed in conjunction with laa# B01035623. No change in use, occupancy, or egress.”
- Alteration, filed Dec 21, 2023, estimated cost $250K, described as “Filing herewith for the interior renovation, systems upgrade, and windowreplacement. No change in use, egress, or occupancy”
Property taxes
- Assessment
- $3,143,700
- 2026–27 tax
- $23,568
- Market value (city estimate)
- $6,986,000
- Taxable value
- $239,441
- Assessed land
- $40,500
- Assessed improvements
- $3,103,200
Tax breaks
- Co-op and condo abatement, with no end date, a $6,233 credit this tax year.
Zoning
R6B: floor area ratio 2.74 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jul 18, 2023: $812,500
- Jul 12, 2023: $1,216,800
- May 6, 2022: $220,853
- Jul 9, 2019: $1,527,000
Open-market sales since 2016, from the Department of Finance’s sales files.