# 1541 50th Street, Brooklyn

Three-family · built 1970 · Block 5453, Lot 61.

On Umarelli: https://umarelli.org/nyc/3054530061/1541-50-street

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

## Building permits

- Major Renovation — Residential, filed Feb 23, 2024, estimated cost $1.3M, 1 unit in all, 3 stories, described as “Proposed horizontal enlargement to convert existing 3-story residential building to community facility and residential building.”

## Property taxes

- Assessment: $228,840
- Market value (city estimate): $3,814,000
- Taxable value: $0
- Assessed land: $35,460
- Assessed improvements: $193,380

## Tax breaks

- Nonprofit exemption (parsonage), with no end date, about $14,985 a year below the full tax.
- Nonprofit exemption (house of worship), with no end date, about $30,424 a year below the full tax.

## Zoning

R6: floor area ratio 1.72 built, 2.43 allowed by base zoning.

## Recent sales

- Nov 26, 2019: $2,999,999

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