62 Pennsylvania Avenue, Brooklyn
Condominium · 218 units · built 2020 · Block 3669, Lot 7501.
Building permits
- Alteration, filed Mar 18, 2019, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans during construction. No change in use, egress or occupancy. Fence to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Mar 17, 2019, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans during construction. No change in use, egress or occupancy. Fence to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Mar 17, 2019, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans during construction. No change in use, egress or occupancy. Fence to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Mar 11, 2019, estimated cost $5K, described as “Installation of a temporary scaffold as per plans in conjunction with demo. No change in use, egress or occupancy. Scaffold shall comply with 2014 NYC building code, chapter 33.”
- Alteration, filed Mar 11, 2019, estimated cost $5K, described as “Installation of a temporary scaffold as per plans in conjunction with demo. No change in use, egress or occupancy. Scaffold shall comply with 2014 NYC building code, chapter 33.”
- Alteration, filed Mar 1, 2019, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with demo. No change in use, egress or occupancy. Sidewalk shed shall comply with 2014 NYC building code, chapter 33.”
- Alteration, filed Mar 1, 2019, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans in conjunction with building demo. No change in use, egress or occupancy. Sidewalk shed shall comply with 2014 NYC building code, chapter 33.”
Property taxes
- Assessment
- $19,022,400
- 2026–27 tax
- $15,741
- Market value (city estimate)
- $42,272,000
- Taxable value
- $690,218
- Assessed land
- $1,260,000
- Assessed improvements
- $17,762,400
- Condo units with their own tax lots
- 5
Tax breaks
- IDA PILOT, with no end date.
- 420-c exemption, through Jun 30, 2079, about $1,816,351 a year below the full tax.
Zoning
C4-4L: floor area ratio 4.90 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.
In the news
Developers Compete 50 Penn Affordable Housing Project at 50 Pennsylvania Avenue in East New York, Brooklyn, New York YIMBY, Jun 14, 2022.