# 634 Powell Street, Brooklyn

Apartment building · 15 units · built 2022 · Block 3857, Lot 122.

On Umarelli: https://umarelli.org/nyc/3038570122/115-new-lots-avenue

More construction in Brownsville: https://umarelli.org/nyc/brooklyn/brownsville.md

## 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.

## Recent sales

- Aug 9, 2021: $707,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 115 New Lots Avenue in Brownsville, Brooklyn](https://newyorkyimby.com/2023/04/permits-filed-for-115-new-lots-avenue-in-brownsville-brooklyn.html), New York YIMBY, Apr 23, 2023.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology