50 Wallabout Street, Brooklyn
Industrial · built 1957 · Block 2260, Lot 14.
Building permits
- Alteration, filed Apr 11, 2024, described as “Renewal of SR23/1691”
- Alteration, filed May 5, 2023, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 4, 2023, estimated cost $15K, described as “Verizon - Installation of new safety railing on the roof. No change to occupancy, use or egress.”
- Alteration, filed Mar 20, 2023, estimated cost $100K, described as “Filing for subsurface grout placement to remediate slab and foundation movement.”
- Alteration, filed Feb 28, 2023, estimated cost $31K, described as “Verizon - replacement/relocation/removal of antennas & RRH units, installation of stepover on roof. Replacement/installation of cabinets on existing equip platform on the roof. All work in compliance with TPPN 5/98. No change to occupancy,…”
- Alteration, filed Feb 21, 2023, estimated cost $467K, described as “Emergency repair work (west elevations and repairs required to address car collision damage), 2ND floor interior work and ffacade repairs including parapet & chimney replacement, cmu crack & brick repairs.”
Property taxes
- Assessment
- $6,732,900
- 2026–27 tax
- $497,640
- Market value (city estimate)
- $14,962,000
- Taxable value
- $4,587,390
- Assessed land
- $470,700
- Assessed improvements
- $6,262,200
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2028, about $42,079 a year below the full tax.
Zoning
M1-2: floor area ratio 2.34 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.