# 540 Waverly Avenue, Brooklyn

Apartment building · 135 units · built 2020 · Block 2011, Lot 60.

On Umarelli: https://umarelli.org/nyc/3020110060/540-waverly-avenue

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

## Building permits

- Alteration, filed Sep 8, 2025, estimated cost $133K, described as “Limited interior non-structural demo & minor int. Reno for domestic/fire protection water service alterations at adjacent verizon building through lot 8060. No changes to use, occupancy or egress. See comments”
- Alteration, filed Oct 18, 2021, estimated cost $300K, described as “Structural work with concrete, associated with Alt 1 # 321589018”
- Alteration, filed May 10, 2021, estimated cost $115K, described as “Installation of scaffold as per drawings. Scaffold shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Feb 23, 2021, estimated cost $20K, described as “Installation of dual 6000# capacity personnel/material hoists during NB construction, filed separately. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application…”
- Alteration, filed Jan 25, 2021, estimated cost $3K, described as “Installation of temporary roof protection at the adjacent properties as per drawings. Temporary roof protection shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Oct 22, 2020, estimated cost $27K, described as “Installation of heavy duty sidewalk shed during new building construction, filed separately. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Sep 4, 2020, estimated cost $25K, described as “Installation of plywood fence during new building construction filed separately. Plywood fence shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application.”
- Alteration, filed Jun 8, 2020, estimated cost $3K, described as “Installation of construction fence onto sidewalk to protect site.”
- Alteration, filed May 11, 2020, estimated cost $1K, described as “Mechanical application file in-conjunction with the alt. 1 application.”
- Alteration, filed Apr 21, 2020, estimated cost $1K, described as “Structural application filed associate with NB”
- Alteration, filed Mar 19, 2020, estimated cost $1K, described as “Temporary standpipe application file din conjunction with DOB NB #321596527”
- Alteration, filed Mar 10, 2020, estimated cost $1K, described as “Plumbing application filed associate with NB”
- Alteration, filed Mar 10, 2020, estimated cost $1K, described as “Sprinkler/Standpipe application filed associate with NB”
- Alteration, filed Mar 5, 2020, estimated cost $1K, described as “Mechanical application filed associate with NB # 321596527.”
- Alteration, filed Feb 27, 2020, estimated cost $1K, described as “A new curb cut .”

## Property taxes

- Assessment: $14,042,700
- 2026–27 tax: $86,519
- Market value (city estimate): $31,206,000
- Taxable value: $695,545
- Assessed land: $874,800
- Assessed improvements: $13,167,900

## Tax breaks

- 421-a exemption, through Jun 30, 2058, about $1,660,253 a year below the full tax.

## Zoning

R7A: floor area ratio 5.02 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[540 Waverly Avenue Completes Construction in Clinton Hill, Brooklyn](https://newyorkyimby.com/2023/02/540-waverly-avenue-completes-construction-in-clinton-hill-brooklyn.html), New York YIMBY, Feb 6, 2023.

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