581 Albany Avenue, Brooklyn
Vacant land · Block 4833, Lot 104.
Building permits
- New Building — Non-residential, filed Jun 28, 2023, estimated cost $10.0M, 8 stories, described as “NYC development hub consultation accepted on 7/9/2022. Sparrow square (SHL1) - filing for a new building for congregate living (homeless shelter). In conjunction with new buildings B00848066, B00848002, B00847849”
- Alteration, filed Sep 11, 2026, estimated cost $10K, described as “Equipment use: single 7000 # capacity personnel hoist during NB const, filed sep. Hoist shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application submitted separately”
- Alteration, filed Aug 18, 2026, estimated cost $3K, described as “Telehandler for building construction.”
- Alteration, filed Aug 10, 2026, estimated cost $250K, described as “Supported pipe scaffolding”
- Alteration, filed May 6, 2026, estimated cost $25K, described as “Application filed herewith to address violation #'s: 039553460Y and 039553464L. Scope of work includes removal of remnants from prior demolition activities 20 years ago at various locations as indicated onplans.”
- Alteration, filed Feb 25, 2026, estimated cost $1K, described as “SHL1 - filing for civil site work in conjuction with new building # B00848051-I1”
- Alteration, filed Dec 29, 2025, described as “The sidewalk shed at the front of the building, behind t he building, and clarkson street elevations.”
Property taxes
- Assessment
- $17,289
- Market value (city estimate)
- $288,158
- Taxable value
- $0
- Assessed land
- $17,289
Tax breaks
- Nonprofit exemption (nonprofit, use planned), with no end date, about $3,431 a year below the full tax.
Zoning
R5: floor area ratio 0.00 built, 1.50 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.