118 Nostrand Avenue, Brooklyn
Commercial · built 2008 · Block 1737, Lot 21.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $1,712,700
- 2026–27 tax
- $64,105
- Market value (city estimate)
- $3,806,000
- Taxable value
- $590,940
- Assessed land
- $225,000
- Assessed improvements
- $1,487,700
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2034, about $101,030 a year below the full tax.
Zoning
M1-1: floor area ratio 2.19 built, above the 1.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- May 6, 2021: $5,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.