277 South 5th Street, Brooklyn
Condominium · 172 units · built 2018 · Block 2447, Lot 7501.
Building permits
- No Work, filed Oct 12, 2022
- Alteration, filed Nov 4, 2020, estimated cost $47K, described as “Installation of starry site. Installing (4) antenna sectors (11 antennas & 17 microwave dishes) and (1) equipment cabinet on the roof. Related conduits running from cellar. All in conformance with tppn 5/98. No change in use, egress or…”
- Alteration, filed Nov 3, 2020, estimated cost $40K, described as “Installation of plumbing fixtures and related piping as shown on plans”
- Alteration, filed Nov 3, 2020, estimated cost $290K, described as “Installation of mechanical system as shown on plans filed herewith”
- Alteration, filed Nov 3, 2020, estimated cost $35K, described as “Modification of sprinkler system as shown on plans filed herewith”
- Alteration, filed Oct 19, 2020, estimated cost $1K, described as “Install exterior illuminated wall sign ((logo) metrorock)”
- No Work, filed Oct 1, 2020
- Alteration, filed Jul 7, 2020, estimated cost $1K, described as “INSTALLATION OF BOILERS AS SHOWN ON PLANS FILED HEREWITH. Filed in conjunction with New Building application number 321192437.”
- Alteration, filed Jun 3, 2020, described as “Hereby filing for the installation of mechanical equipment on first floor and cellar. No change to use occupancy or egress.”
- Alteration, filed Jun 2, 2020, described as “Hereby filing for the installation of plumbing fixtures, the removal, relocation and installation of sprinkler heads. No change to use occupancy or egress.”
- Alteration, filed Jan 13, 2020, estimated cost $1K, described as “Mechanical work as shown on plans filed herewith for Emergency Generator. Filed in conjunction with New Building application number 321192437.”
- Alteration, filed Jun 3, 2019, estimated cost $1K, described as “Installation of pipe scaffold in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Apr 29, 2019, estimated cost $1K, described as “Installation of support scaffold in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Feb 19, 2019, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Jul 9, 2018, estimated cost $5K, described as “Installation of a temporary heavy duty sidewalk bridge approx. 85' linear feet as per plans. Sidewalk bridge shall comply with chapter 33 of the NYC building code. No change in use, egress, or occupancy.”
Property taxes
- Assessment
- $33,950,145
- 2026–27 tax
- $415,454
- Market value (city estimate)
- $75,444,765
- Taxable value
- $14,533,374
- Assessed land
- $2,263,501
- Assessed improvements
- $31,686,644
- Condo units with their own tax lots
- 10
Tax breaks
- 421-a exemption, through Jun 30, 2056, about $2,234,158 a year below the full tax.
Zoning
C4-3: floor area ratio 5.91 built, above the 3.40 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, 2026: $8,000,000, Apt RTL 1, sold with other lots
- Aug 24, 2026: $20,500,000, Apt CU1, sold with other lots
- May 31, 2022: $156,600,000, Unit PARK, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Landmarks
Part of The Dime Savings Bank of Williamsburgh (Individual Landmark). 4 Landmarks Preservation Commission permits are on file.
Board and land use applications
- Variance or special permit (Board of Standards and Appeals 2019-307-BZ): Variance or special permit, Granted, filed Dec 30, 2019, decided Oct 5, 2020. Special Permit (§73-36) to permit the operation of a physical culture establishment (MetroROCK) to be located on portions of the cellar and first floors of proposed 23-story mixed-use building contrary to ZR §32-10. C4-3 zoning district…
- Variance or special permit (Board of Standards and Appeals 2016-4244-BZ): Variance or special permit, Granted, filed Sep 1, 2016, decided Mar 21, 2017. Special Permit (§73-44) for the reduction in parking for commercial office (UG 6) uses in Parking Requirement Category B1 . C4-3 zoning districts
In the news
Housing Lottery Units Still Available at The Dime at 251 South 5th Street in South Williamsburg, Brooklyn, New York YIMBY, May 14, 2022.