5 New Montrose Avenue, Brooklyn
Commercial · built 2024 · Block 2465, Lot 44.
Building permits
- New Building — Non-residential, filed Oct 27, 2022, 6 stories, described as “Proposed six-story commercial/community facility building.”
- Alteration, filed Sep 19, 2023, estimated cost $10K, described as “Installation of 300 psf sidewalk shed, pipe scaffolding, overhead protection, and roof protection as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jun 18, 2018, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application”
Property taxes
- Assessment
- $1,320,750
- 2026–27 tax
- $16,012
- Market value (city estimate)
- $2,935,000
- Taxable value
- $1,320,750
- Assessed land
- $147,600
- Assessed improvements
- $1,173,150
Tax breaks
- ICAP abatement, through Jun 30, 2050, a $127,263 credit this tax year.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jul 12, 2022: $1,650,000
Open-market sales since 2016, from the Department of Finance’s sales files.