# 555 Grand Street, Brooklyn

Apartment building · 12 units · built c. 1920 · Block 2779, Lot 31.

On Umarelli: https://umarelli.org/nyc/3027790031/555-grand-street

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

## Building permits

- Alteration, filed Oct 26, 2018, estimated cost $7K, described as “Installation of temporary sidewalk shed as per plans. Sidewalk shed shall comply with chapter 33 of the 2014 NYC building code. No change in use, egress or occupancy under this application.”
- Alteration, filed Oct 26, 2018, estimated cost $10K, described as “Installation of scaffold as per drawings. Scaffold shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application”
- Alteration, filed Jun 4, 2018, estimated cost $3K, described as “Installation of temporary pipe scaffold as per plans. Pipe scaffold shall comply with chapter 33 of the 2014 NYC building code. No change in use, egress or occupancy under this application.”

## Property taxes

- Assessment: $1,474,200
- 2026–27 tax: $2,706
- Market value (city estimate): $3,276,000
- Taxable value: $21,751
- Assessed land: $113,850
- Assessed improvements: $1,360,350

## Tax breaks

- 421-a exemption, through Jun 30, 2055, about $180,670 a year below the full tax.

## Zoning

R7A: floor area ratio 3.56 built, 4.00 allowed by base zoning.

## Recent sales

- Oct 7, 2022: $9,615,385

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

[Affordable Housing Units Still Available at 555 Grand Street in Williamsburg, Brooklyn](https://newyorkyimby.com/2021/04/affordable-housing-units-still-available-at-555-grand-street-in-williamsburg-brooklyn.html), New York YIMBY, Apr 28, 2021.

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