# 1655 48th Street, Brooklyn

Two-family · built 2023 · Block 5443, Lot 71.

On Umarelli: https://umarelli.org/nyc/3054430071/1655-48-street

More construction in Borough Park: https://umarelli.org/nyc/brooklyn/borough-park.md

## Building permits

- New Building — Residential, filed Jun 14, 2022, estimated cost $950K, 2 units, 3 stories, described as “New 3 story and cellar 2 family building”
- Alteration, filed Jul 5, 2023, estimated cost $5K, described as “Installation of 300 psf sidewalk shed and pipe scaffolding 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 Jan 19, 2023, estimated cost $100K, described as “Plumbing plan for piping and plumbing fixtures to new 3 story 2 family building, filed in conjunction with gc #B00753745-I1”
- Alteration, filed Jan 6, 2023, estimated cost $60K, described as “Foundation work for New building filed in conjunction with GC #B00753745-I1”
- Alteration, filed Jul 11, 2022, estimated cost $3K, described as “8' Construction Fence”

## Property taxes

- Assessment: $236,160
- 2026–27 tax: $34,451
- Market value (city estimate): $3,936,000
- Taxable value: $173,620
- Assessed land: $125,940
- Assessed improvements: $110,220

## Zoning

R5: floor area ratio 1.68 built, above the 1.50 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Apr 14, 2022: $2,100,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

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