# 355 Shepherd Avenue, Brooklyn

Apartment building · 125 units · built 2023 · Block 3989, Lot 1.

On Umarelli: https://umarelli.org/nyc/3039890001/365-shepherd-avenue

More construction in East New York: https://umarelli.org/nyc/brooklyn/east-new-york.md

## Building permits

- New Building — Large Residential, filed Nov 15, 2021, estimated cost $22.6M, 123 units, 7 stories, described as “An affordable housing project. A (7) story new building with (123) dwelling units in total. A mixed use of (105) UG2 + (10) UG3 + (8) AIRS units”
- Alteration, filed Nov 27, 2024, estimated cost $273K, described as “Installation of solar panels on existing roof structure. No change in egress,use, or occupancy”
- Alteration, filed Jul 28, 2023, estimated cost $25K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jul 25, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed and roof protection as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Apr 24, 2023, estimated cost $10K, described as “Installation of multi-point & 2 point suspeneded scaffold during new building construction. Horizontal netting shall comply with nycc 2022 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Mar 27, 2023, estimated cost $5K, described as “Proposed installation of pipe scaffold for remedial repairs as per plans. No change in use occupancy or egress under this application.”
- Alteration, filed Jan 10, 2023, estimated cost $1K, described as “Install temporary construction fence for newbuilding NB # B00594970.”
- Alteration, filed Oct 25, 2022, estimated cost $2K, described as “Install temporary construction fence, part of fence surrounding lots 3, 1, 36, and 34. This fence application is in conjunction with demo filing job#s 322106911, 322106902, and 322106920 on lot 3.”
- Alteration, filed Oct 25, 2022, estimated cost $1K, described as “Install temporary construction fence, part of fence surrounding lots 3, 1, 36, and 34. This fence application is in conjunction with demo filing job# 322106895 on lot 34.”
- Alteration, filed Oct 25, 2022, estimated cost $1K, described as “Install temporary construction fence, part of fence surrounding lots 3, 1, 36, and 34. This fence application is in conjunction with demo filing job#s 322106957 and 322106975 on lot 1.”

## Property taxes

- Assessment: $7,604,550
- Market value (city estimate): $16,899,000
- Taxable value: $0
- Assessed land: $765,900
- Assessed improvements: $6,838,650

## Tax breaks

- 420-c exemption, through Jun 30, 2063, about $945,930 a year below the full tax.

## Zoning

R6A (part of the lot is M1-1/R6A): floor area ratio 4.40 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Oct 19, 2022: $4,066,307, 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

[Shepherd Glenmore Completes Construction at 365 Shepherd Avenue in East New York, Brooklyn](https://newyorkyimby.com/2025/08/shepherd-glenmore-completes-construction-at-365-shepherd-avenue-in-east-new-york-brooklyn.html), New York YIMBY, Aug 2, 2025.

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