# 551 Flushing Avenue, Brooklyn

Condominium · 14 units · built 2003 · Block 2264, Lot 7510.

On Umarelli: https://umarelli.org/nyc/3022647510/551-flushing-avenue

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: $1,372,500
- 2026–27 tax: $138,992
- Market value (city estimate): $3,050,002
- Taxable value: $1,211,258
- Assessed land: $56,250
- Assessed improvements: $1,316,250
- Condo units with their own tax lots: 14

## Tax breaks

- Co-op and condo abatement, with no end date, a $11,677 credit this tax year.

## Zoning

R7-1: floor area ratio 4.38 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Dec 28, 2023: $500,000, Apt 6L
- May 24, 2018: $950,000, Apt 7L
- Oct 14, 2016: $600,000, Apt 1R

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.

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