505 Union Avenue, Brooklyn
Apartment building · 23 units · built c. 1930 · Block 2315, Lot 21.
Building permits
- Alteration, filed Feb 8, 2021, estimated cost $5K, described as “Job filed exist. Deli store plumbing work, include new plumbing fixtures and gas kitchen equipment as per plan. No change of use, egress or occupancy under this application.”
- Alteration, filed Jun 25, 2019, estimated cost $202, described as “Install a 12'-0" curb cut on the west side of Union Avenue, distant 151.38' north of Meeker Avenue in conjunction with Alt 1 job number 321779152.”
- Alteration, filed Dec 13, 2017, described as “Installation of pipe scaffold as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $3,271,500
- 2026–27 tax
- $40,756
- Market value (city estimate)
- $7,270,000
- Taxable value
- $327,644
- Assessed land
- $420,750
- Assessed improvements
- $2,850,750
Tax breaks
- 421-a exemption, through Jun 30, 2055, about $348,800 a year below the full tax.
Zoning
M1-2/R6: floor area ratio 3.55 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.