# 550 Clinton Avenue, Brooklyn

Condominium · 17 units · built 2021 · Block 2010, Lot 7504.

On Umarelli: https://umarelli.org/nyc/3020107504/550-clinton-avenue

More construction in Clinton Hill: https://umarelli.org/nyc/brooklyn/clinton-hill.md

## 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](https://newyorkyimby.com/2024/01/housing-lottery-launches-for-the-axel-at-550-clinton-avenue-in-clinton-hill-brooklyn.html), New York YIMBY, Jan 12, 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