1612 59th Street, Brooklyn

Apartment building · 7 units · built 2025 · Block 5510, Lot 12.

Building permits

Property taxes

Assessment
$301,500
2026–27 tax
$33,869
Market value (city estimate)
$670,000
Taxable value
$272,280
Assessed land
$72,000
Assessed improvements
$229,500

Zoning

R5: floor area ratio 1.80 built, above the 1.50 base zoning allows, which bonuses, transfers or older rules can permit.

Flood zone

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

Recent sales

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

More construction in Borough Park

Umarelli: construction in New York City and Jersey City