# 50 Commercial Street, Brooklyn

Apartment building · 12 units · built 2024 · Block 2482, Lot 1.

On Umarelli: https://umarelli.org/nyc/3024820001/50-commercial-street

More construction in Greenpoint: https://umarelli.org/nyc/brooklyn/greenpoint.md

## Building permits

- New Building — Multi-Family, filed Nov 16, 2021, estimated cost $5.3M, 32 units, 5 stories, described as “Proposed new 5-story mixed-use building with 32 dwelling units and commercial space on the first floor”
- Alteration, filed Sep 21, 2026, estimated cost $5K, described as “Installation of a Sub-Slab Depressurization System below the new building slab, riser piping through the building, and a discharge pipe above the roof line. Application supersedes previously approved application B00596151-Z4.”
- Alteration, filed Mar 15, 2025, estimated cost $1K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of 2022 the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Aug 11, 2024, estimated cost $5K, described as “Installation of 300 psf sidewalk shed as per plans. Sidewalk shed shall comply with chapter # 33 of the NYC code 2022, no changes in use egress or occupancy under this application.”
- Alteration, filed May 9, 2022, estimated cost $10K, described as “Support of excavation work IN CONJUNCTION WITH NEW BUILDING B00596151-I1”
- Alteration, filed May 6, 2022, estimated cost $5K, described as “Construction fence in conjunction with NB B00596151-I1”

## Property taxes

- Assessment: $2,385,000
- 2026–27 tax: $265,610
- Market value (city estimate): $5,300,000
- Taxable value: $2,135,302
- Assessed land: $553,500
- Assessed improvements: $1,831,500

## Zoning

M1-2/R6: floor area ratio 3.48 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.

## Board and land use applications

- Variance or special permit (Board of Standards and Appeals 2019-25-BZ): Variance or special permit, Denied, filed Feb 1, 2019, decided Apr 26, 2021. Variance (72-21) to permit the development of a nine-story plus cellar mix-use commercial and residential building contrary to ZR 24-154(b) (residential FAR); ZR 23-22 (dwelling units); 23-662(c)(1) (street wall setback) and ZR 25-23…

## In the news

[Affordable Housing Lottery Launches for 50 Commercial Street in Greenpoint, Brooklyn](https://newyorkyimby.com/2026/04/affordable-housing-lottery-launches-for-50-commercial-street-in-greenpoint-brooklyn.html), New York YIMBY, Apr 24, 2026.

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