# 242 Wallabout Street, Brooklyn

Condominium · 10 units · built 2014 · Block 2264, Lot 7519.

On Umarelli: https://umarelli.org/nyc/3022647519/242-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: $1,841,095
- 2026–27 tax: $22,241
- Market value (city estimate): $4,091,313
- Taxable value: $178,799
- Assessed land: $218,254
- Assessed improvements: $1,622,841
- Condo units with their own tax lots: 11

## Tax breaks

- Nonprofit exemption (house of worship), with no end date, about $51,306 a year below the full tax.
- 421-a exemption, through Jun 30, 2034, about $135,611 a year below the full tax.

## Zoning

R7-1: floor area ratio 4.48 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Oct 11, 2019: $999,000, Apt 3A
- Oct 11, 2019: $437,000, Apt 3B
- Oct 11, 2019: $992,794, Apt 5A
- Oct 11, 2019: $876,713, Apt 6B
- Oct 10, 2019: $890,000, Apt 6A
- Jul 11, 2019: $641,345, Apt 7B
- Jun 3, 2019: $963,317, Apt 5B
- May 3, 2019: $995,000, Apt 4B
- Dec 19, 2018: $1,117,529, Apt 4A
- Jan 7, 2018: $752,894, Apt 7A

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