# 5 New Montrose Avenue, Brooklyn

Commercial · built 2024 · Block 2465, Lot 44.

On Umarelli: https://umarelli.org/nyc/3024650044/5-new-montrose-avenue

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

## 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.

## Recent sales

- Jul 12, 2022: $1,650,000

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

## Flood zone

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

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