550 Clinton Avenue, Brooklyn
Condominium · 17 units · built 2021 · Block 2010, Lot 7504.
Building permits
- Alteration, filed Sep 16, 2025, estimated cost $5K, described as “Installation of commercial tenant bathrooms”
- Alteration, filed Jun 7, 2024, estimated cost $176, described as “Erect a non-illuminated business accessory wall sign. No change in use, egress, or occupancy.”
- Alteration, filed Jun 7, 2024, estimated cost $234, described as “Erect an illuminated business accessory blade sign. No change in use, egress, or occupancy.”
- Alteration, filed Jun 7, 2024, estimated cost $6K, described as “Erect an illuminated business accessory wall sign. No change in use, egress, or occupancy.”
- Alteration, filed Jun 7, 2024, estimated cost $234, described as “Erect an illuminated business accessory blade sign. No change in use, egress, or occupancy.”
- Alteration, filed Jun 7, 2024, estimated cost $6K, described as “Erect an illuminated business accessory wall sign. No change in use, egress, or occupancy.”
- Alteration, filed May 15, 2024, estimated cost $50K, described as “Interior renovation of commercial space (Medical Tenant F - Maimonides)”
- No Work, filed May 1, 2024
- Alteration, filed Apr 10, 2024, estimated cost $622K, described as “The scope of work consists of minor facade modifications and interior alterations / tenant fit-out of an existing demised space for a restaurant. Nochange in use/occupancy and no addition of floor area proposed. NB APPLICATION#321384480”
- Alteration, filed Feb 17, 2024, estimated cost $47K, described as “General construction work as shown on plans. No change to egress, use, or occupancy.”
- Alteration, filed Jan 4, 2024, estimated cost $8K, described as “Sprinkler work as shown on plans.”
- Alteration, filed Nov 27, 2023, estimated cost $1K, described as “Filing herewith tenant protection plan conjunction with NB #321384480.”
- Alteration, filed Sep 27, 2021, estimated cost $3K, described as “Installation of plywood fence as per drawings. Plywood fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Jun 9, 2021, estimated cost $3K, described as “Installation of heavy duty sidewalk shed during NB const, filed sep. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed May 21, 2020, estimated cost $1K, described as “Installation of Underground piping in conjunction with NB # 321384480.”
- Alteration, filed Nov 21, 2019, estimated cost $3K, described as “Installation of plywood fence as per drawings. Plywood fence shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
Property taxes
- Assessment
- $5,202,899
- 2026–27 tax
- $64,074
- Market value (city estimate)
- $11,561,999
- Taxable value
- $2,507,315
- Assessed land
- $376,199
- Assessed improvements
- $4,826,700
- Condo units with their own tax lots
- 4
Tax breaks
- 421-a exemption, through Jun 30, 2058, about $233,334 a year below the full tax.
Zoning
R9: floor area ratio 3.29 built, 7.52 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
In the news
Housing Lottery Launches for The Axel at 550 Clinton Avenue in Clinton Hill, Brooklyn, New York YIMBY, Jan 12, 2024.