# 1632 61st Street, Brooklyn

Industrial · built c. 1931 · Block 5524, Lot 20.

On Umarelli: https://umarelli.org/nyc/3055240020/1632-61-street

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

Every lot on block 5524: https://umarelli.org/nyc/brooklyn/5524.md

## Building permits

- Alteration, filed Nov 5, 2020, estimated cost $24K, described as “Install ac units as per plan”

## Property taxes

- Assessment: $463,950
- 2026–27 tax: $44,608
- Market value (city estimate): $1,031,000
- Taxable value: $411,210
- Assessed land: $108,000
- Assessed improvements: $355,950

## Tax breaks

- ICAP/ICIP exemption, through Jun 30, 2029, about $2,870 a year below the full tax.

## Zoning

M1-1: floor area ratio 1.11 built, above the 1.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jul 20, 2017: $8,100,000

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