424 Albany Avenue, Brooklyn
Apartment building · 48 units · built c. 1923 · Block 1300, Lot 44.
Building permits
- Alteration, filed Aug 26, 2025, estimated cost $14K, described as “Installation of heavy duty sidewalk shed as per plans. No change in use occupancy or egress under this application. Sidewalk shed shall comply with chapter 33 of the 2022 NYC building code.”
- Alteration, filed Aug 5, 2025, estimated cost $70K, described as “Install one (1) new gas-fired hot water heater and two (2) indirect water heaters as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $1,224,900
- 2026–27 tax
- $152,365
- Market value (city estimate)
- $2,722,000
- Taxable value
- $1,224,900
- Assessed land
- $106,200
- Assessed improvements
- $1,118,700
Zoning
R5: floor area ratio 3.13 built, above the 1.50 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.