857 Lexington Avenue, Brooklyn
Industrial · built 2001 · Block 1623, Lot 67.
Building permits
- Alteration, filed Apr 1, 2022, estimated cost $1K, described as “Foundation work type filed in conjunction with alt-co new building with existing elements to remain job number:B00640380. Foundation work consists of concrete spread footing and mat foundation.”
- Major Renovation — Conversion, filed Dec 9, 2021, 22 units added, 7 stories, described as “Proposed vertical extension on existing 2 story building, partial demolition of existing building, converting existing 2 story commercial building to a 7 story residential building, and 22 dwelling units,”
- Alteration, filed May 22, 2018, estimated cost $1K, described as “Installation of non illuminated sign at ground floor with wording "dwana smallwood performing art center" in conjunction with the application # 320954277, 321078622 and 321463233. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $497,250
- 2026–27 tax
- $24,564
- Market value (city estimate)
- $1,105,000
- Taxable value
- $226,440
- Assessed land
- $79,650
- Assessed improvements
- $417,600
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2032, about $23,871 a year below the full tax.
Zoning
R6A: floor area ratio 1.80 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Dec 12, 2024: $2,475,000
- Sep 18, 2017: $2,825,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 857 Lexington Avenue in Bed-Stuy, Brooklyn, New York YIMBY, Dec 23, 2021.