874 Willoughby Avenue, Brooklyn
Apartment building · 93 units · built 2016 · Block 1593, Lot 23.
Building permits
- Alteration, filed Feb 23, 2021, estimated cost $25K, described as “Installation of heavy duty sidewalk shed during new building construction, filed separately. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Feb 26, 2020, estimated cost $500K, described as “Herewith file structural application for a 9-story mixed use building with cellar in conjunction with DOB bis NB filing number 320583891. This job(#320583891) was approved earlier and we are doing the superceding of this job.”
- Alteration, filed Oct 27, 2019, estimated cost $3K, described as “Install sidewalk shed, as shown on drawings. No change in use, egress or occupancy.”
- Alteration, filed Nov 27, 2017, estimated cost $35K, described as “Erect supported scaffold, per drawings. No change in egress, occupancy or use associated with this application.”
Property taxes
- Assessment
- $6,527,250
- 2026–27 tax
- $93,507
- Market value (city estimate)
- $14,505,000
- Taxable value
- $751,723
- Assessed land
- $349,650
- Assessed improvements
- $6,177,600
Tax breaks
- 421-a exemption, through Jun 30, 2057, about $718,418 a year below the full tax.
Zoning
C4-4L: floor area ratio 4.96 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- 874 Willoughby Avenue FRESH (Cert) (City Planning P2016K0100): Completed, decided Sep 20, 2019. This is a private application by Nikki Suites LLC requesting a FRESH Certification pursuant to Zoning Resolution section 63-30 to facilitate a new 11-story, 76,464 sf (111 dwelling units) mixed-use development, including 69,257.6 sf of…
In the news
Housing Lottery Launches for 874 Willoughby Avenue in Bed-Stuy, Brooklyn, New York YIMBY, Feb 18, 2022.