# 621 Madison Street, Brooklyn

Apartment building · 7 units · built 2022 · Block 1641, Lot 175.

On Umarelli: https://umarelli.org/nyc/3016410175/621-madison-street

More construction in Bedford-Stuyvesant: https://umarelli.org/nyc/brooklyn/bedford-stuyvesant.md

## Building permits

- New Building — Multi-Family, filed Oct 1, 2021, 7 units, 4 stories, described as “Propose new 4-story with cellar residential building. All related works filed subsequently. Obtain new c of o.”
- Alteration, filed Dec 15, 2022, estimated cost $9K, described as “Installation of temporary needle beam as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jun 21, 2022, estimated cost $15K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jun 21, 2022, estimated cost $7K, 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 Mar 4, 2022, estimated cost $1K, described as “Installation of temporary construction fence in conjunction with NB # B00599662-I1.”

## Property taxes

- Assessment: $558,000
- 2026–27 tax: $62,093
- Market value (city estimate): $1,240,000
- Taxable value: $511,392
- Assessed land: $51,300
- Assessed improvements: $506,700

## Tax breaks

- Solar abatement, through Jun 30, 2028, a $1,519 credit this tax year.

## Zoning

R6B: floor area ratio 2.75 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Apr 30, 2021: $516,000

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

## Flood zone

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

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