# 248 Wallabout Street, Brooklyn

Condominium · 28 units · built 2001 · Block 2264, Lot 7507.

On Umarelli: https://umarelli.org/nyc/3022647507/248-wallabout-street

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

Every lot on block 2264: https://umarelli.org/nyc/brooklyn/2264.md

## 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.

## 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.

## 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.

## 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.

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