1042 President Street, Brooklyn
Apartment building · 55 units · built 2023 · Block 1280, Lot 29.
Building permits
- Alteration, filed Feb 13, 2023, estimated cost $1K, described as “Installation and use of temporary suspended scaffolding as per plans. No change to use, egress or occupancy.”
- Alteration, filed Dec 13, 2022, estimated cost $5K, described as “Installation of pipe scaffolding as per plans.pipe scaffolding shall comply with chapter #33 of the NYC code. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 28, 2022, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, overhead protection and roof protection as per plans. All equipment shall comply with chapter #33 of the 2014 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jul 20, 2021, estimated cost $3K, described as “Structural application filed in conjunction to new building job #321592709”
- Alteration, filed Jul 15, 2021, estimated cost $3K, described as “Sprinkler application filed in conjunction with new building job #321592709.”
- Alteration, filed Apr 27, 2021, estimated cost $3K, described as “Plumbing application filed in conjunction to new building job #321592709.”
- Alteration, filed Apr 27, 2021, estimated cost $3K, described as “Mechanical application filed in conjunction with new building job #321592709.”
- Alteration, filed Oct 27, 2020, estimated cost $3K, described as “Curb Cut application filed herewith in conjunction with New Building, Job #321592709.”
- Alteration, filed Oct 14, 2020, estimated cost $3K, described as “Fence application filed herewith in conjunction with New Building, Job #321592709”
Property taxes
- Assessment
- $3,451,050
- 2026–27 tax
- $33,351
- Market value (city estimate)
- $7,669,000
- Taxable value
- $268,117
- Assessed land
- $485,550
- Assessed improvements
- $2,965,500
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $395,925 a year below the full tax.
Zoning
R6: floor area ratio 4.13 built, above the 2.43 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 9, 2021: $1,600,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 1042 President Street in Crown Heights, Brooklyn, New York YIMBY, Dec 8, 2023.