# 16 Spencer Street, Brooklyn

Mixed use · 1 unit · built c. 1931 · Block 1715, Lot 42.

On Umarelli: https://umarelli.org/nyc/3017150042/16-spencer-street

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

## Building permits

- Alteration, filed Sep 30, 2024, estimated cost $1K, described as “Boiler Equipment application filed in conjunction to NB GC, job number: B00522931-I1.”
- Alteration, filed Oct 12, 2023, estimated cost $1K, described as “Application for the installation and use of suspended scaffold as per plans filed herein. No change in egress, use, or occupancy”
- Alteration, filed May 9, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, roof protection and pipe scaffolding as per plans, all equipment shall comply with chapter # 33 of the NYC code 2022, no changes in use egress or occupancy under this application.”
- No Work, filed Dec 20, 2022
- Major Renovation — Conversion, filed May 16, 2021, estimated cost $347K, 1 unit added, 6 stories, described as “Proposing vertical enlargement to an existing 1 story building. Converting to 7 story mixed use building”

## Property taxes

- Assessment: $880,200
- 2026–27 tax: $25,995
- Market value (city estimate): $1,956,000
- Taxable value: $879,702
- Assessed land: $33,750
- Assessed improvements: $846,450

## Tax breaks

- ICAP abatement, through Jun 30, 2051, a $69,435 credit this tax year.

## Zoning

M1-2: floor area ratio 4.38 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Dec 1, 2021: $1,200,000

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