# 262 Rockaway Avenue, Brooklyn

Apartment building · 8 units · built 2022 · Block 1448, Lot 39.

On Umarelli: https://umarelli.org/nyc/3014480039/262-rockaway-avenue

More construction in Ocean Hill: https://umarelli.org/nyc/brooklyn/ocean-hill.md

## Building permits

- New Building — Multi-Family, filed Oct 14, 2021, estimated cost $500K, 8 units, 4 stories, described as “Proposed new residential 4 story building”
- Alteration, filed Dec 23, 2022, estimated cost $4K, described as “Medium-duty scaffold to be installed atop heavy-duty sidewalk shed (designed by Others) at the front of the building. Medium-Duty scaffolding to be installed atop grade at the rear of the building.”
- Alteration, filed Feb 9, 2022, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Oct 6, 2021, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”

## Property taxes

- Assessment: $427,500
- 2026–27 tax: $11,782
- Market value (city estimate): $950,000
- Taxable value: $94,721
- Assessed land: $73,800
- Assessed improvements: $353,700

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $41,394 a year below the full tax.

## Zoning

R6: floor area ratio 2.84 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 28, 2021: $1,550,000, sold with other lots

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

## Flood zone

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

## Board and land use applications

- 262 ROCKAWAY, 1573 E. NEW YORK AVES (City Planning P1985K0855): Completed, decided Feb 3, 1986. DISPOSITION OF CITY-OWNED PROPERTY, 2 PARCELS

## In the news

[Housing Lottery Launches for 258-262 Rockaway Avenue in Brownsville, Brooklyn](https://newyorkyimby.com/2024/11/housing-lottery-launches-for-258-262-rockaway-avenue-in-brownsville-brooklyn.html), New York YIMBY, Nov 9, 2024.

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