# 124 Penn Street, Brooklyn

Three-family · built c. 1895 · Block 2218, Lot 12.

On Umarelli: https://umarelli.org/nyc/3022180012/124-penn-street

More construction in Williamsburg: https://umarelli.org/nyc/brooklyn/williamsburg.md

## 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.

## Recent sales

- Oct 29, 2019: $2,200,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

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