# 540 Graham Avenue, Brooklyn

Apartment building · 25 units · built 2023 · Block 2701, Lot 1.

On Umarelli: https://umarelli.org/nyc/3027010001/540-graham-avenue

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

## 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.

## 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.

## Flood zone

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

## In the news

[Housing Lottery Launches for 540 Graham Avenue in Greenpoint, Brooklyn](https://newyorkyimby.com/2023/08/housing-lottery-launches-for-540-graham-avenue-in-greenpoint-brooklyn.html), New York YIMBY, Aug 6, 2023.

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