556 New Lots Avenue, Brooklyn
Commercial · built c. 1930 · Block 4305, Lot 1.
Building permits
- New Building — Non-residential, filed Nov 2, 2021, estimated cost $3.0M, 7 stories, described as “New seven (7) story and partial cellar charter school and community facility building.”
- Alteration, filed Aug 18, 2025, estimated cost $9K, described as “Fence Application”
- Demolition, filed Jul 6, 2023, estimated cost $140K, described as “Full Demolition to a one story structure”
Property taxes
- Assessment
- $962,550
- 2026–27 tax
- $92,487
- Market value (city estimate)
- $2,139,000
- Taxable value
- $852,570
- Assessed land
- $154,800
- Assessed improvements
- $807,750
Zoning
R6: floor area ratio 0.97 built, 2.43 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
In the news
Renderings Reveal Charter School at 556 New Lots Avenue in East New York, Brooklyn, New York YIMBY, Mar 12, 2026.