# 2777 Atlantic Avenue, Brooklyn

Apartment building · 63 units · built 2022 · Block 3946, Lot 42.

On Umarelli: https://umarelli.org/nyc/3039460042/2777-atlantic-avenue

More construction in Cypress Hills: https://umarelli.org/nyc/brooklyn/cypress-hills.md

## Building permits

- New Building — Large Residential, filed Nov 4, 2021, estimated cost $1.0M, 63 units, 8 stories, described as “Proposing 8 story mixed use building”
- Alteration, filed Mar 22, 2023, estimated cost $6K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 7, 2023, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 7, 2023, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 2, 2023, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 2, 2023, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 7, 2022, estimated cost $5K, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Apr 7, 2022, estimated cost $5K, described as “Installation of new sidewalk shed at 2771 atlantic ave as indicated on plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed Apr 7, 2022, estimated cost $5K, described as “Installation of new sidewalk shed at 2777 atlantic ave, as indicated on plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed Apr 7, 2022, estimated cost $5K, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Feb 3, 2022, estimated cost $3K, described as “8' Construction Fence”
- Alteration, filed Feb 3, 2022, estimated cost $3K, described as “8' Construction Fence”

## Property taxes

- Assessment: $3,352,050
- 2026–27 tax: $48,475
- Market value (city estimate): $7,449,000
- Taxable value: $389,700
- Assessed land: $232,650
- Assessed improvements: $3,119,400

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $368,487 a year below the full tax.

## Zoning

R8A: floor area ratio 5.69 built, 6.02 allowed by base zoning.

## Recent sales

- Aug 19, 2021: $2,950,000, sold with other lots

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

[Housing Lottery Launches for 2777 Atlantic Avenue in Cypress Hills, Brooklyn](https://newyorkyimby.com/2024/06/housing-lottery-launches-for-2777-atlantic-avenue-in-cypress-hills-brooklyn.html), New York YIMBY, Jun 7, 2024.

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