# 650 Madison Street, Brooklyn

Apartment building · 38 units · built 2022 · Block 1646, Lot 11.

On Umarelli: https://umarelli.org/nyc/3016460011/654-madison-street

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

## 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](https://newyorkyimby.com/2023/09/permits-filed-for-654-madison-street-in-bed-stuy-brooklyn.html), New York YIMBY, Sep 16, 2023.

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