# 554 Metropolitan Avenue, Brooklyn

Apartment building · 6 units · built c. 1920 · Block 2761, Lot 21.

On Umarelli: https://umarelli.org/nyc/3027610021/554-metropolitan-avenue

More construction in East Williamsburg: https://umarelli.org/nyc/brooklyn/east-williamsburg.md

## Building permits

- New Building — Mid-Rise, filed Jan 8, 2026, 70 units, 11 stories, described as “Proposed (11) eleven-story, (70) seventy-unit residential new building.hub consultation conducted with bc rami bitar on 01/07/2026.”
- Alteration, filed Jun 4, 2026, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with general construction work. No change in use, egress or occupancy. Sidewalk shed shall comply with 2022 NYC building code,chapter 33.”
- Alteration, filed Jan 21, 2026, estimated cost $5K, described as “Install temporary wood construction fence for demolition operations.”
- Demolition, filed Sep 5, 2025, estimated cost $100K, described as “Full demolition of 4 Story Building”
- Demolition, filed Sep 5, 2025, estimated cost $50K, described as “Full Demolition of 1 Story Greenhouse at Rear of property.”
- Alteration, filed Mar 3, 2022, estimated cost $10K, described as “Temporary shoring on 2nd ,3rd and 4th floor , building will remain unoccupiable on the 2, 3 and 4th floor , no change in use, egress or occupancy”

## Property taxes

- Assessment: $1,250,550
- 2026–27 tax: $18,080
- Market value (city estimate): $2,779,000
- Taxable value: $145,353
- Assessed land: $11,250
- Assessed improvements: $1,239,300

## Zoning

R7A: floor area ratio 1.78 built, 4.00 allowed by base zoning.

## Recent sales

- Nov 20, 2024: $15,500,000, sold with other lots
- Dec 20, 2023: $1,837,000

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

[Renderings Reveal 554–558 Metropolitan Avenue in Williamsburg, Brooklyn](https://newyorkyimby.com/2026/01/renderings-reveal-554-558-metropolitan-avenue-in-williamsburg-brooklyn.html), New York YIMBY, Jan 21, 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