# 559 Flushing Avenue, Brooklyn

Condominium · 13 units · built 2002 · Block 2264, Lot 7512.

On Umarelli: https://umarelli.org/nyc/3022647512/559-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: $1,352,705
- 2026–27 tax: $144,573
- Market value (city estimate): $3,006,001
- Taxable value: $1,192,661
- Assessed land: $57,154
- Assessed improvements: $1,295,551
- Condo units with their own tax lots: 13

## Tax breaks

- Co-op and condo abatement, with no end date, a $3,783 credit this tax year.

## Zoning

R7-1: floor area ratio 4.17 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Dec 5, 2023: $998,000, Apt 2L
- Aug 2, 2023: $995,000, Apt 6R
- Apr 22, 2021: $765,000, Apt 3R
- Mar 27, 2020: $650,000, Apt 7R
- May 19, 2017: $600,000, Apt 5R

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