2886 Atlantic Avenue, Brooklyn
Apartment building · 183 units · built 2023 · Block 3965, Lot 11.
Building permits
- New Building — Mid-Rise, filed Feb 18, 2022, estimated cost $15.8M, 183 units, 10 stories, described as “Proposed ten (10) story + cellar mixed-use building.”
- Alteration, filed Mar 3, 2026, estimated cost $645K, described as “Alt-2 Interior fit out for the community facility (Community Center Use Group IIIB) and modification to residential lobby on the first floor. no changes in use, egress and occupancy”
- Alteration, filed Feb 12, 2026, estimated cost $16K, described as “Alt-CO to change the use of a retail space to community facility and enlargement of laundry room.”
- Alteration, filed Aug 15, 2023, estimated cost $6K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress oroccupancy.”
- Alteration, filed Jun 7, 2023, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 7, 2023, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 7, 2023, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 7, 2023, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 18, 2023, estimated cost $1K, described as “Curb Cut application filed in conjunction with NB GC, job number: B00673635-I1.”
- Alteration, filed May 18, 2023, estimated cost $3K, described as “Fence application filed in conjunction with NB job #B00673635.”
- Alteration, filed May 13, 2022, estimated cost $100K, described as “Removal of 5 existing underground storage motor fuel tanks & (1) 660-gallon with associated piping. No change in use egress or occupancy.”
- Alteration, filed Mar 22, 2022, estimated cost $160, described as “Proposed construction fence, no change to use, egress or occupancy under this application.”
Property taxes
- Assessment
- $10,085,400
- 2026–27 tax
- $71,895
- Market value (city estimate)
- $22,412,000
- Taxable value
- $577,980
- Assessed land
- $448,200
- Assessed improvements
- $9,637,200
Tax breaks
- 421-a exemption, through Jun 30, 2059, about $1,182,628 a year below the full tax.
Zoning
R8A: floor area ratio 8.55 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- May 20, 2025: $69,023,600
- Mar 16, 2022: $7,500,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
2886 Atlantic Avenue Opens in Cypress Hills, Brooklyn, New York YIMBY, Nov 4, 2025.