# 416 Metropolitan Avenue, Brooklyn

Apartment building · 123 units · built 2022 · Block 2369, Lot 19.

On Umarelli: https://umarelli.org/nyc/3023690019/416-metropolitan-avenue

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

## Building permits

- Alteration, filed Nov 20, 2024, estimated cost $15K, described as “Installation of new boiler”
- Alteration, filed Mar 11, 2024, estimated cost $96K, described as “Demo and repair water damage at 2ND floor hallway, units 2D, 2E & 2F and at 3RD floor hallway, units 3D, 3E, 3F & 3G. No change to layouts, structural integrity, use, egress or occupancy.”
- Alteration, filed Nov 4, 2022, estimated cost $20K, described as “Alt-GC application hereby filed for interior layout of a commercial space in a newly constructed eight (8) story mixed-use building.”
- Alteration, filed Sep 29, 2022, estimated cost $10K, described as “Marquee hereby filed in conjunction with NB job number: 321592718”
- Alteration, filed Mar 24, 2022, estimated cost $1K, described as “Installation of outrigger platform during new building construction in accordance with nycc 2014 chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Feb 28, 2022, estimated cost $1K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 28, 2022, estimated cost $1K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 28, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 18, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 2, 2021, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 23, 2021, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jan 7, 2021, estimated cost $1K, described as “Structural work as per plans filed. In conjunction with NB# 321592718. No change to use, egress, or occupancy.”
- Alteration, filed Dec 16, 2020, estimated cost $1K, described as “Install temporary standpipe system as per plans filed. No change to use, egress oroccupancy. Filed in conjunction with NB# 321592718”
- Alteration, filed Dec 16, 2020, estimated cost $1K, described as “Install combined sprinkler/standpipe system as per plans filed. No change to use, egress oroccupancy. Filed in conjunction with NB#321592718.”
- Alteration, filed Dec 15, 2020, estimated cost $1K, described as “Install 12 ft. curb cut as per plans filed. No change to use, egress or occupancy. Filed in conjunction with NB# 321592718”
- Alteration, filed Dec 11, 2020, estimated cost $1K, described as “Plumbing work as per plans filed. In conjunction with NB# 321592718. No change to use, egress, or occupancy.”
- Alteration, filed Dec 11, 2020, estimated cost $1K, described as “Mechanical work as per plans filed. In conjunction with NB# 321592718. No change to use, egress, or occupancy.”
- Alteration, filed Aug 5, 2020, estimated cost $4K, described as “8' plywood construction fence”

## Property taxes

- Assessment: $16,148,250
- 2026–27 tax: $164,053
- Market value (city estimate): $35,885,000
- Taxable value: $1,318,860
- Assessed land: $874,800
- Assessed improvements: $15,273,450

## Tax breaks

- 421-a exemption, through Jun 30, 2058, about $1,844,628 a year below the full tax.

## Zoning

M1-2/R6A: floor area ratio 6.01 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jul 26, 2023: $97,500,000
- Aug 25, 2020: $19,000,000, 3,300 sq ft ($5,758 per sq ft)

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

## In the news

[Housing Lottery Launches for 8 Marcy Avenue in Bed-Stuy, Brooklyn](https://newyorkyimby.com/2022/10/housing-lottery-launches-for-8-marcy-avenue-in-bed-stuy-brooklyn.html), New York YIMBY, Oct 12, 2022.

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