# 527 Grand Avenue, Brooklyn

Apartment building · 46 units · built 2023 · Block 1133, Lot 7.

On Umarelli: https://umarelli.org/nyc/3011330007/527-grand-avenue

More construction in Crown Heights: https://umarelli.org/nyc/brooklyn/crown-heights.md

## Building permits

- New Building — Multi-Family, filed Dec 10, 2021, 46 units, 9 stories, described as “HPD job - 9 story & cellar residential building total of 46 dwelling units of which 11 are low income units”
- Alteration, filed Apr 9, 2024, estimated cost $5K, described as “Installation of temporary needle beam as per plans. Needle beam shall comply with the chapter #33 of the code. No changes in use egress or occupancy under this application.”
- Alteration, filed Apr 8, 2024, estimated cost $5K, described as “Installation of pipe scaffolding and engineering enclosure as per plans. All equipment shall comply with chapter # 33 of the 2022 code. No change in use occupancy or egress under this application.”
- Alteration, filed Jan 6, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed, overhead protection and roof protection as per plans. All equipment shall comply with chapter #33 of the NYC code. No change in use, egress or occupancy under this application.”

## Property taxes

- Assessment: $4,185,900
- 2026–27 tax: $19,479
- Market value (city estimate): $9,302,000
- Taxable value: $156,600
- Assessed land: $237,150
- Assessed improvements: $3,948,750

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $501,205 a year below the full tax.

## Zoning

M1-3/R7D: floor area ratio 5.57 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Dec 27, 2021: $5,250,000, sold with other lots
- Jan 15, 2016: $3,750,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- Atlantic Avenue Mixed-Use Plan (City Planning 2022K0436): Zoning map change, Zoning text change, City property acquisition, Urban development action area, Completed, filed Oct 10, 2024, decided May 28, 2025. The Atlantic Avenue Mixed-Use Plan is an area-wide plan to support housing and job growth along Atlantic Avenue between Vanderbilt Avenue and Nostrand Avenue in Community Districts 3 and 8 within the neighborhoods of Crown Heights, Bedford…

## In the news

[527 Grand Avenue Set for Excavation in Crown Heights, Brooklyn](https://newyorkyimby.com/2022/11/527-grand-avenue-set-for-excavation-in-crown-heights-brooklyn.html), New York YIMBY, Nov 20, 2022.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology