98 Newel Street, Brooklyn
Apartment building · 7 units · built c. 1915 · Block 2651, Lot 48.
Building permits
- Alteration, filed Aug 7, 2025, estimated cost $10K, described as “Installation of heavy duty side walk shed.as per plan.”
- Alteration, filed Jun 17, 2025, estimated cost $8K, described as “Installation of construction fence.”
- Major Renovation — Conversion, filed Feb 11, 2025, estimated cost $735K, 6 units added, 4 stories, described as “Application filed for horizontal and vertical enlargement of existing residential use converted to seven (7) family dwellings. Application filed in conjunction with PL, SP, MS, and Partial Demolition. Obtain new certificate of occupancy.”
Property taxes
- Assessment
- $418,050
- 2026–27 tax
- $9,410
- Market value (city estimate)
- $929,000
- Taxable value
- $75,650
- Assessed land
- $150,750
- Assessed improvements
- $267,300
Zoning
R6B: floor area ratio 2.10 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 5, 2024: $1,950,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 98 Newel Street in Greenpoint, Brooklyn, New York YIMBY, Feb 14, 2025.