634 Powell Street, Brooklyn
Apartment building · 15 units · built 2022 · Block 3857, Lot 122.
Building permits
- New Building — Multi-Family, filed Jun 18, 2021, estimated cost $655K, 14 units, 4 stories, described as “Proposed new 4 story and penthouse mixed use building”
- Alteration, filed Jun 13, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 14, 2021, estimated cost $2K, described as “Proposing new curb cut”
Property taxes
- Assessment
- $1,129,950
- 2026–27 tax
- $2,269
- Market value (city estimate)
- $2,511,000
- Taxable value
- $18,242
- Assessed land
- $92,700
- Assessed improvements
- $1,037,250
Tax breaks
- 421-a exemption, through Jun 30, 2058, about $138,285 a year below the full tax.
Zoning
R6: floor area ratio 3.56 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
- Aug 9, 2021: $707,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 115 New Lots Avenue in Brownsville, Brooklyn, New York YIMBY, Apr 23, 2023.