# 1885 Atlantic Avenue, Brooklyn

Apartment building · 89 units · built 2023 · Block 1714, Lot 30.

On Umarelli: https://umarelli.org/nyc/3017140030/1889-atlantic-avenue

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

## 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.

## 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.

## Flood zone

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

## In the news

[Housing Lottery Launches for 1889 Atlantic Avenue in Bed-Stuy, Brooklyn](https://newyorkyimby.com/2024/11/housing-lottery-launches-for-1889-atlantic-avenue-in-bed-stuy-brooklyn.html), New York YIMBY, Nov 20, 2024.

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