342 Melrose Street, Brooklyn
Apartment building · 6 units · built 2024 · Block 3165, Lot 22.
Building permits
- Alteration, filed Apr 24, 2018, estimated cost $5K, described as “Alteration type 3 - construction equipment - sidewalk-shed proposed installation of heavy duty sidewalk shed for new building as per plans. No change in use occupancy or egress under this application. Live LOAD300 per square feet. Sidewalk…”
Property taxes
- Assessment
- $540,594
- 2026–27 tax
- $1,900
- Market value (city estimate)
- $1,201,320
- Taxable value
- $15,272
- Assessed land
- $68,094
- Assessed improvements
- $472,500
Tax breaks
- 421-a exemption, through Jun 30, 2061, about $65,345 a year below the full tax.
Zoning
R6: floor area ratio 2.99 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- May 7, 2024: $1,250,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 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…