# 50 Wallabout Street, Brooklyn

Industrial · built 1957 · Block 2260, Lot 14.

On Umarelli: https://umarelli.org/nyc/3022600014/50-wallabout-street

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

Every lot on block 2260: https://umarelli.org/nyc/brooklyn/2260.md

## 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.

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