# 342 Wallabout Street, Brooklyn

Condominium · 60 units · built 2022 · Block 2265, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3022657502/342-wallabout-street

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

## Building permits

- New Building — Large Residential, filed Apr 14, 2021, 60 units, 9 stories, described as “Nine (9) story new building.”
- Alteration, filed Oct 20, 2022, estimated cost $55K, described as “Bldg B -Installation of 7,040# temporary dual car personnel/material hoists (during new building construction # B00492768 per plan and application submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress…”
- Alteration, filed Sep 9, 2022, described as “Installation of temporary supported scaffold per plan submitted.. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Sep 9, 2022, described as “Installation of temporary heavy duty sidewalk shed on the sidewalk and roadway (in conjunction with NB # B00492768) per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with…”
- Alteration, filed Dec 7, 2021, described as “Installation of temporary fence as per plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 26, 2021, estimated cost $200, described as “Sprinkle Standpipe application filed in conjunction with NB application #B00492768-I1”
- Alteration, filed Oct 6, 2021, described as “Application filed for soe work in conjunction with NB application #B00492768-I1”
- Alteration, filed Aug 12, 2021, described as “Temporary Standpipe in conjunction with NB Job number B00492768-I1”
- Alteration, filed Jul 21, 2021, described as “Plumbing application filed in conjunction with NB application #B00492768-I1”
- Alteration, filed Jul 19, 2021, described as “Mechanical system filed in conjunction with NB application B00492768-I1”
- Alteration, filed Jun 17, 2021, described as “New Structure”
- Alteration, filed Feb 8, 2021, estimated cost $25K, described as “Application filed for soe work”

## Property taxes

- Assessment: $15,902,575
- 2026–27 tax: $1,640,869
- Market value (city estimate): $35,339,048
- Taxable value: $14,126,757
- Assessed land: $2,598,755
- Assessed improvements: $13,303,820
- Condo units with their own tax lots: 53

## Tax breaks

- Co-op and condo abatement, with no end date, a $37,891 credit this tax year.

## Zoning

R7D: floor area ratio 4.97 built, above the 4.66 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 3, 2025: $1,750,000, Apt 6I
- Aug 29, 2025: $1,620,000, Apt 5D
- Aug 28, 2025: $1,775,000, Apt 5G
- Aug 12, 2025: $1,525,000, Apt 7C
- Aug 7, 2025: $1,200,000, Apt 8B
- Jun 11, 2025: $1,425,000, Apt 6A
- May 6, 2025: $5,520,000, Apt G3
- Apr 30, 2025: $1,527,375, Apt 4F
- Apr 29, 2025: $1,680,113, Apt 3F
- Apr 3, 2025: $1,725,000, Apt 6H

The 10 most recent of 30 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

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