55 Borinquen Place, Brooklyn
Apartment building · 16 units · built 2022 · Block 2421, Lot 24.
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Building permits
- New Building — Multi-Family, filed Mar 16, 2022, 16 units, 7 stories, described as “Proposed a new 7 story residential building.”
- Alteration, filed Feb 7, 2023, estimated cost $5K, described as “Filing for pump jack scaffold installation for construction of new 8 story building”
- Alteration, filed Dec 1, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Dec 1, 2022, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Dec 1, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 4, 2022, estimated cost $30K, described as “SOE, Foundation and Earthwork filed in conjunction with GC application #B00687734-I1”
- Alteration, filed Apr 1, 2022, estimated cost $5K, described as “Installation of construction fence in conjunction with GC application #B00687734-I1”
Property taxes
- Assessment
- $1,918,800
- 2026–27 tax
- $5,590
- Market value (city estimate)
- $4,264,000
- Taxable value
- $44,940
- Assessed land
- $168,300
- Assessed improvements
- $1,750,500
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $233,089 a year below the full tax.
Zoning
R6: floor area ratio 4.71 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 24, 2022: $4,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 49 Borinquen Place in Williamsburg, Brooklyn, New York YIMBY, Feb 20, 2024.