261 Buffalo Avenue, Brooklyn
Apartment building · 36 units · built c. 1922 · Block 1387, Lot 7.
Building permits
- Alteration, filed Sep 23, 2020, estimated cost $5K, described as “Erect illuminated business wall sign not within view of arterial highway or public park 1/2 acre or more. No change in use egress or occupancy”
- Alteration, filed Sep 23, 2020, estimated cost $3K, described as “Erect illuminated business accessory sign not within view of arterial highway or public park 1/2 acre or more. No change in use egress or occupancy”
Property taxes
- Assessment
- $1,851,300
- 2026–27 tax
- $16,675
- Market value (city estimate)
- $4,114,000
- Taxable value
- $134,057
- Assessed land
- $64,800
- Assessed improvements
- $1,786,500
Tax breaks
- 420-c exemption, through Jun 30, 2061, about $191,766 a year below the full tax.
Zoning
R6: floor area ratio 3.67 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 30, 2017: $1,747,315
Open-market sales since 2016, from the Department of Finance’s sales files.