70 Freeman Street, Brooklyn
Industrial · built 1955 · Block 2511, Lot 12.
Building permits
- Alteration, filed May 6, 2026, estimated cost $225K, described as “Partial demolition of 1 story building”
- Major Renovation — Enlargement, filed Apr 22, 2025, estimated cost $5.3M, 10 units added, 5 stories, described as “Proposed alt-co/NB 5 story residential building with existing elements to remain”
Property taxes
- Assessment
- $245,700
- 2026–27 tax
- $26,654
- Market value (city estimate)
- $546,000
- Taxable value
- $245,700
- Assessed land
- $46,800
- Assessed improvements
- $198,900
Zoning
R6B: floor area ratio 1.00 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- Apr 16, 2026: $7,500,000, 5,000 sq ft, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.