# 721 Flushing Avenue, Brooklyn

Condominium · 14 units · built 2006 · Block 2276, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3022767501/721-flushing-avenue

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

Every lot on block 2276: https://umarelli.org/nyc/brooklyn/2276.md

## Building permits

- Alteration, filed Dec 26, 2021, estimated cost $9K, 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 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Nov 30, 2021, estimated cost $6K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 per square feet. Sidewalk shed shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Sep 17, 2021, estimated cost $8K, described as “Suspended scaffold at front facade of 7 story mixed use building with outrigger beam w/ tieback anchor to parapet clamp. No change in egress, use or bulk. See plans filed herewith”
- Alteration, filed Apr 15, 2019, estimated cost $5K, described as “Installation of construction equipment- fixed outrigger hanging scaffold required for facade repairs. In conjunction with job #321935448. No change to use, egress or occupancy.”
- Alteration, filed Dec 29, 2018, estimated cost $5K, described as “Alteration type 3 - construction equipment - sidewalk-shed proposed installation of heavy duty sidewalk shed for remedial repairs as per plans. No change in use occupancy or egress under this application. Live load 300 per square feet.…”

## Property taxes

- Assessment: $1,790,102
- 2026–27 tax: $24,080
- Market value (city estimate): $3,978,003
- Taxable value: $216,737
- Assessed land: $131,402
- Assessed improvements: $1,658,700
- Condo units with their own tax lots: 24

## Tax breaks

- 421-a exemption, through Jun 30, 2033, about $156,279 a year below the full tax.
- ICAP/ICIP exemption, through Jun 30, 2032, about $24,333 a year below the full tax.

## Zoning

C4-3: floor area ratio 4.24 built, above the 3.40 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jan 31, 2025: $790,000, Apt 6C
- Jul 26, 2024: $940,000, Apt 7A
- Aug 21, 2023: $770,000, Apt 6C
- Jul 27, 2022: $775,000, Apt 3A
- Jun 2, 2022: $520,000, Apt 5B
- Feb 8, 2022: $750,000, Apt 6A
- May 6, 2020: $900,000, Apt 7B
- Apr 24, 2020: $710,000, Apt 4C
- Mar 7, 2018: $490,000, Apt 5B

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