# 298 Wallabout Street, Brooklyn

Condominium · 20 units · built 2005 · Block 2264, Lot 7515.

On Umarelli: https://umarelli.org/nyc/3022647515/298-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

- Alteration, filed Jun 5, 2024, estimated cost $26K, described as “Herewith filing for a framed bulkhead with rooftop access. No change in use, occupancy or egress.”
- Alteration, filed Nov 8, 2023, estimated cost $12K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”

## Property taxes

- Assessment: $2,191,952
- 2026–27 tax: $272,657
- Market value (city estimate): $4,871,001
- Taxable value: $2,191,952
- Assessed land: $114,301
- Assessed improvements: $2,077,651
- Condo units with their own tax lots: 20

## Zoning

R7-1: floor area ratio 5.97 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 11, 2026: $1,527,375, Apt 5A
- Nov 18, 2025: $980,000, Apt 3A
- Oct 23, 2020: $950,000, Apt 5B
- Apr 19, 2016: $385,000, 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.

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