1885 Atlantic Avenue, Brooklyn
Apartment building · 89 units · built 2023 · Block 1714, Lot 30.
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Building permits
- New Building — Large Residential, filed Feb 14, 2022, estimated cost $8.7M, 89 units, 9 stories, described as “Proposed new nine story and cellar residential building.”
- Alteration, filed Jan 3, 2024, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed/scaffold and construction fence as per plans during new building work. No change in use, egress or occupancy. Sidewalk shed/scaffold/fence to comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Jul 6, 2023, estimated cost $3K, described as “Curb cut application filed in conjunction with NB job #B00672674.”
- Alteration, filed May 13, 2022, estimated cost $100K, described as “Removal of 5 existing underground motor fuel tanks and (1)550 gallon underground storage tank with associated piping. No change in use, egress or occupancy.”
- Alteration, filed May 11, 2022, estimated cost $3K, described as “Fence application filed in conjunction with NB application #B00672674.”
- Alteration, filed Apr 25, 2022, estimated cost $160, described as “Proposed construction fence, no change to use, egress or occupancy under this application.”
Property taxes
- Assessment
- $7,808,400
- 2026–27 tax
- $35,981
- Market value (city estimate)
- $17,352,000
- Taxable value
- $289,260
- Assessed land
- $333,900
- Assessed improvements
- $7,474,500
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $935,306 a year below the full tax.
Zoning
M1-1/R7D: floor area ratio 8.02 built, above the 4.66 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 16, 2022: $4,500,000, 360 sq ft ($12,500 per sq ft)
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 1889 Atlantic Avenue in Bed-Stuy, Brooklyn, New York YIMBY, Nov 20, 2024.