2863 Atlantic Avenue, Brooklyn
Vacant land · Block 3950, Lot 47.
Building permits
- New Building — Mid-Rise, filed Mar 9, 2026, 70 units, 13 stories, described as “Proposed new (13) thirteen story, 70 units residential building. Hub consultation conducted with dbc rami bitar on 3/03/2026”
- Alteration, filed Nov 14, 2018, estimated cost $2K, described as “Construction fence along lot and street lines”
- Alteration, filed May 23, 2018, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.sidewalk shed shall comply with chapter #33 of the NYC building code.live load 300PSF.”
- Alteration, filed Apr 12, 2018, estimated cost $1K, described as “Installation of temporary construction fence as per plans. No change in use, occupancy or egress.”
Property taxes
- Assessment
- $396,900
- 2026–27 tax
- $40,576
- Market value (city estimate)
- $882,000
- Taxable value
- $374,040
- Assessed land
- $396,900
Zoning
R8A: floor area ratio 0.00 built, 6.02 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Oct 29, 2024: $3,200,000
- Jul 20, 2017: $1,775,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Brooklyn CD 5 Walk to Park Site Selection/Acq. (City Planning 2025K0315): Completed, filed May 7, 2025, decided Dec 4, 2025. The Department of Parks and Recreation (DPR), along with co-applicant the Department of Citywide Administrative Services (DCAS), seeks approval for the acquisition and site selection (PC) of privately-owned properties for future park…