650 Madison Street, Brooklyn
Apartment building · 38 units · built 2022 · Block 1646, Lot 11.
Building permits
- New Building — Multi-Family, filed Apr 8, 2022, 38 units, 5 stories, described as “Proposed 5 story and cellar resdiential building, total of 38 dwelling units”
- Alteration, filed Dec 22, 2022, estimated cost $5K, described as “Installation of 300 psf sidewalk shed, roof protection and pipe scaffolding as per plans. All equipment shall comply with chapter #33 of the NYC code. No change in use, egress or occupancy under this application.”
- Alteration, filed Apr 26, 2022, estimated cost $2K, described as “SOE filed in conjunction with NB GC # B00712457-I1”
Property taxes
- Assessment
- $3,340,350
- 2026–27 tax
- $5,712
- Market value (city estimate)
- $7,423,000
- Taxable value
- $45,919
- Assessed land
- $562,050
- Assessed improvements
- $2,778,300
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $409,794 a year below the full tax.
Zoning
R6B: floor area ratio 2.54 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
In the news
Permits Filed for 654 Madison Street In Bed-Stuy, Brooklyn, New York YIMBY, Sep 16, 2023.