124 Penn Street, Brooklyn
Three-family · built c. 1895 · Block 2218, Lot 12.
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Building permits
- Alteration, filed Sep 28, 2023, estimated cost $10K, described as “Installation of 300 psf sidewalk shed and pipe scaffolding as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Major Renovation — Multi-Family, filed Jun 15, 2022, estimated cost $1.0M, 3 units in all, 4 stories, described as “Proposed vertical and horizontal extension, interior renovation, to existing 3 story with basement and cellar residential building. Proposed 4 story with cellar residential building. Proposed 3 dwelling units. Quality housing proposed.”
Property taxes
- Assessment
- $71,100
- 2026–27 tax
- $14,108
- Market value (city estimate)
- $1,185,000
- Taxable value
- $71,100
- Assessed land
- $9,120
- Assessed improvements
- $61,980
Zoning
R6: floor area ratio 2.35 built, 2.43 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Oct 29, 2019: $2,200,000
Open-market sales since 2016, from the Department of Finance’s sales files.