566 Grand Street, Brooklyn
Apartment building · 22 units · built 2023 · Block 2785, Lot 27.
Building permits
- New Building — Multi-Family, filed Nov 3, 2021, estimated cost $5.2M, 22 units, 8 stories, described as “Proposed new eight (8) story and cellar residential building.”
- Alteration, filed May 11, 2023, estimated cost $10K, described as “Proposed installation of pipe scaffold for remedial repairs as per plans. No change in use occupancy or egress under this application.”
- Alteration, filed May 11, 2023, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed for remedial repairs as per plans. No change in use occupancy or egress under this application. Live load 300 per square feet. Sidewalk shed shall comply with chapter # 33 of the 2014 code.”
- Alteration, filed Dec 23, 2021, estimated cost $1K, described as “Installation of temporary sidewalk shed and supported scaffold as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Dec 1, 2021, estimated cost $1K, described as “Temporary 8' High Construction Solid Fence”
Property taxes
- Assessment
- $2,108,250
- 2026–27 tax
- $4,810
- Market value (city estimate)
- $4,685,000
- Taxable value
- $38,671
- Assessed land
- $144,900
- Assessed improvements
- $1,963,350
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $257,435 a year below the full tax.
Zoning
R7A: floor area ratio 5.21 built, above the 4.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Oct 8, 2021: $2,500,000, sold with other lots
- Jun 18, 2019: $2,076,000
- Apr 19, 2016: $2,062,500
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
566 Grand Street Completes Construction in Williamsburg, Brooklyn, New York YIMBY, Feb 4, 2025.