132 Melrose Street, Brooklyn
Industrial · built 2009 · Block 3162, Lot 21.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $201,600
- 2026–27 tax
- $8,348
- Market value (city estimate)
- $448,000
- Taxable value
- $76,950
- Assessed land
- $34,650
- Assessed improvements
- $166,950
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2036, about $13,522 a year below the full tax.
Zoning
M1-1: floor area ratio 2.05 built, above the 1.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- 132 Melrose Street Rezoning (City Planning 2024K0196): Zoning map change, Zoning text change, Completed, filed Oct 27, 2025. An application by Melrose Towers Corp. for a zoning map amendment (M1-1 to R6A/M1-2A (MX-22)) and a zoning text amendment (Appendix F) to facilitate a new 6-story, 24,653 zsf mixed-use development, with 18 DU’s (5 MIH) and 6k sf of ground…
- Bushwick Neighborhood Plan (City Planning 2019K0199): Completed. This is an application for a 300-block section of Bushwick, Brooklyn, Community District 4 to create a thriving and inclusive Bushwick through preservation and creation of affordable housing, targeted investments in neighborhood…
In the news
New Rendering Revealed for 132–136 Melrose Street in Bushwick, Brooklyn, New York YIMBY, Oct 15, 2025.