540 Graham Avenue, Brooklyn
Apartment building · 25 units · built 2023 · Block 2701, Lot 1.
Building permits
- New Building — Multi-Family, filed May 27, 2021, estimated cost $5.0M, 25 units, 5 stories, described as “Construct new five (5) story residential use building as per plans filed.”
- Alteration, filed Mar 30, 2022, estimated cost $5K, described as “Installation of a temporary roof protection as per plans during construction. No change in use, egress or occupancy. Roof protection to comply with 2014 NYC building code, chapter 33.”
- Alteration, filed Mar 30, 2022, estimated cost $5K, described as “Installation of heavey duty sidewalk shed and pipe scaffold as per drawings during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of the NYC building code of 2014.”
- Alteration, filed Mar 3, 2022, estimated cost $1K, described as “Plumbing work as per plans filed”
- Alteration, filed Dec 16, 2021, estimated cost $200, described as “Installation of temporary construction fence”
- Alteration, filed Oct 7, 2021, estimated cost $1K, described as “Curb cut as per plans filed”
Property taxes
- Assessment
- $2,844,000
- 2026–27 tax
- $24,327
- Market value (city estimate)
- $6,320,000
- Taxable value
- $195,570
- Assessed land
- $326,700
- Assessed improvements
- $2,517,300
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $329,438 a year below the full tax.
Zoning
R6B: floor area ratio 5.00 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
- Mar 5, 2021: $4,940,200, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Housing Lottery Launches for 540 Graham Avenue in Greenpoint, Brooklyn, New York YIMBY, Aug 6, 2023.