505 St Marks Avenue, Brooklyn
Apartment building · 147 units · built 2014 · Block 1149, Lot 72.
Building permits
- Alteration, filed Oct 5, 2026, estimated cost $240K, described as “Install new waterproof membrane and concrete topping on Parking Deck. No change in egress, zoning, use, or occupancy.”
Property taxes
- Assessment
- $11,808,450
- 2026–27 tax
- $213,826
- Market value (city estimate)
- $26,241,000
- Taxable value
- $1,719,000
- Assessed land
- $1,333,800
- Assessed improvements
- $10,474,650
Tax breaks
- 421-a exemption, through Jun 30, 2042, about $1,255,027 a year below the full tax.
Zoning
R7A: floor area ratio 3.20 built, 4.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- ST MARKS AVE DCC (City Planning P1992K0086): Completed, decided Jan 26, 1993. ACQUISITION OF A 1-STORY BLDG TO CONTINUE TO OPERATE A DAY*CARE CENTER FOR 138 CHILDREN IN THE CROWN HEIGHTS URA