# 948 Myrtle Avenue, Brooklyn

Condominium · 101 units · built 2018 · Block 1756, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3017567501/948-myrtle-avenue

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

## Building permits

- Alteration, filed Dec 12, 2024, estimated cost $50K, described as “Filing for sunroom extension at roof level of the existing 5TH floor. Filing to remove window for apartment 5E for sunroom access. Patch and repair surfaces as required. Filing to address violation no. 39129924K no change to use, egress or…”
- Alteration, filed Oct 21, 2020, estimated cost $20K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Oct 24, 2019, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”

## Property taxes

- Assessment: $15,992,623
- 2026–27 tax: $99,188
- Market value (city estimate): $35,539,168
- Taxable value: $813,496
- Assessed land: $1,080,000
- Assessed improvements: $14,912,623
- Condo units with their own tax lots: 126

## Tax breaks

- 421-a exemption, through Jun 30, 2044, about $1,843,496 a year below the full tax.

## Zoning

R7D (part of the lot is R6A): floor area ratio 5.37 built, above the 4.66 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Apr 30, 2025: $995,000, Apt 8B
- Mar 11, 2025: $206,498, Apt 3C
- Oct 31, 2024: $207,124, Apt 2F
- Apr 10, 2024: $1,419,005, Apt 9A
- Jan 8, 2024: $207,402, Apt 1F
- Aug 7, 2023: $100,000, Apt P23, sold with other lots
- Jul 18, 2023: $9,000,000, Apt C1
- Jul 5, 2023: $1,201,900, Apt 9E
- Jun 15, 2023: $1,425,397, Apt 8A
- May 24, 2023: $203,682, Apt 3F

The 10 most recent of 108 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 Capstone Condominiums at 940 Myrtle Avenue in Bed-Stuy, Brooklyn](https://newyorkyimby.com/2021/11/housing-lottery-launches-for-capstone-condominiums-at-940-myrtle-avenue-in-bed-stuy-brooklyn.html), New York YIMBY, Nov 25, 2021.

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