# 1558 Nostrand Avenue, Brooklyn

Apartment building · 17 units · built 2023 · Block 5111, Lot 44.

On Umarelli: https://umarelli.org/nyc/3051110044/2915-albemarle-road

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

## Building permits

- New Building — Multi-Family, filed Feb 11, 2022, estimated cost $9.0M, 17 units, 7 stories, described as “Proposed seven story and cellar mixed use building.”
- Alteration, filed Aug 15, 2023, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed/scaffold and construction fence as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed/scaffold/fence to comply with chapter 33 of NYC building code of…”
- Alteration, filed Jun 22, 2022, estimated cost $3K, described as “Curb cut application filed in conjunction with NB job # B00673459.”
- Alteration, filed Apr 14, 2022, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”
- Alteration, filed Mar 31, 2022, estimated cost $3K, described as “Sprinkler application filed in conjunction with NB job #B00673459.”
- Alteration, filed Mar 28, 2022, estimated cost $3K, described as “Plumbing application filed in conjunction with NB job #B00673459.”
- Alteration, filed Mar 22, 2022, estimated cost $3K, described as “Mechanical application filed in conjunction with NB job # B00673459.”

## Property taxes

- Assessment: $2,236,500
- 2026–27 tax: $16,796
- Market value (city estimate): $4,970,000
- Taxable value: $135,028
- Assessed land: $115,650
- Assessed improvements: $2,120,850

## Tax breaks

- 421-a exemption, through Jun 30, 2059, about $233,036 a year below the full tax.

## Zoning

R6: floor area ratio 6.97 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jun 1, 2023: $720,000

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

[Housing Lottery Launches for 2915 Albemarle Road in Flatbush, Brooklyn](https://newyorkyimby.com/2024/07/housing-lottery-launches-for-2915-albemarle-road-in-flatbush-brooklyn.html), New York YIMBY, Jul 31, 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