# 703 Midwood Street, Brooklyn

Commercial · built 2024 · Block 4800, Lot 49.

On Umarelli: https://umarelli.org/nyc/3048000049/703-midwood-street

More construction in Flatbush: https://umarelli.org/nyc/brooklyn/flatbush.md

## Building permits

- New Building — Non-residential, filed Sep 16, 2022, 4 stories, described as “New Building - 4 Story Community Facility Building”
- Alteration, filed Jun 12, 2024, estimated cost $5K, described as “Installation of 223' new sidewalk shed as indicated on plans. There will be no change in the use, egress, or occupancy under this application.”
- Alteration, filed May 4, 2023, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”

## Property taxes

- Assessment: $1,802,700
- 2026–27 tax: $15,876
- Market value (city estimate): $4,006,000
- Taxable value: $1,687,760
- Assessed land: $203,400
- Assessed improvements: $1,599,300

## Tax breaks

- ICAP abatement, through Jun 30, 2051, a $167,212 credit this tax year.

## Zoning

R6: floor area ratio 4.27 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 703 Midwood Street in East Flatbush, Brooklyn](https://newyorkyimby.com/2024/09/permits-filed-for-703-midwood-street-in-east-flatbush-brooklyn.html), New York YIMBY, Sep 9, 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