248 Wallabout Street, Brooklyn
Condominium · 28 units · built 2001 · Block 2264, Lot 7507.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $3,113,564
- 2026–27 tax
- $332,474
- Market value (city estimate)
- $6,918,999
- Taxable value
- $2,779,390
- Assessed land
- $74,255
- Assessed improvements
- $3,039,309
- Condo units with their own tax lots
- 28
Tax breaks
- Co-op and condo abatement, with no end date, a $13,254 credit this tax year.
Zoning
R7-1: floor area ratio 4.41 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.
Recent sales
- Feb 9, 2022: $320,000, Apt 4D
- Dec 14, 2021: $300,000, Apt 2C
- Apr 14, 2021: $800,000, Apt 2D
- Oct 14, 2020: $817,146, Apt 6A
- Sep 6, 2018: $650,000, Apt 1C
- Jun 29, 2016: $580,000, Apt 1B
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Variance or special permit (Board of Standards and Appeals 239-98-BZ): Variance or special permit, Granted, filed Jul 8, 1998, decided Nov 16, 1999. Variance (§72-21) to permit the construction of a seven story multiple dwelling containing 23 dwelling units in an MI-2 zoning district which is contrary to §42-10.
- Appeal (Board of Standards and Appeals 240-98-A): Appeal, Granted, filed Jul 8, 1998, decided Nov 16, 1999. Proposed use of roofed exterior rear stair in each building section as a second means of egress, rather than second interior stair in each building, is contrary to §27-366 of the NYC Building Code.