# 1042 President Street, Brooklyn

Apartment building · 55 units · built 2023 · Block 1280, Lot 29.

On Umarelli: https://umarelli.org/nyc/3012800029/1042-president-street

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

## 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.

## Recent sales

- Jun 9, 2021: $1,600,000

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

## Flood zone

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

## In the news

[Housing Lottery Launches for 1042 President Street in Crown Heights, Brooklyn](https://newyorkyimby.com/2023/12/housing-lottery-launches-for-1042-president-street-in-crown-heights-brooklyn.html), New York YIMBY, Dec 8, 2023.

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