# 1637 62nd Street, Brooklyn

Industrial · built c. 1931 · Block 5524, Lot 61.

On Umarelli: https://umarelli.org/nyc/3055240061/1637-62-street

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

## Building permits

- No Work, filed Jun 14, 2024
- No Work, filed May 2, 2024
- No Work, filed Apr 15, 2024
- Alteration, filed Mar 27, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, construction fence, roof protection and pipe scaffolding as per plans. All equipment shall comply with chapter # 33 of the NYC code 2022, no changes in use egress or occupancy under this application.”
- Alteration, filed Mar 2, 2023, estimated cost $150K, described as “Filing plumbing, sprinkler, and standpipe plans, installation of plumbing, new automatic sprinkler, and manual standpipe system in conjunction with alt-co #B00665820”
- Alteration, filed Sep 29, 2022, estimated cost $250K, described as “Support of excavation filed in conjunction with gc filing #B00665820”
- Alteration, filed Aug 23, 2022, estimated cost $500K, described as “Structural, foundation work filed in conjunction with gc filing #B00665820”
- Alteration, filed Apr 1, 2022, estimated cost $5K, described as “Installing 8'-0" high construction fence around the property”
- Major Renovation — Non-residential, filed Jan 31, 2022, estimated cost $500K, 3 stories, described as “Vertical enlargement to existing 1-story building”

## Property taxes

- Assessment: $621,000
- Market value (city estimate): $1,380,000
- Taxable value: $0
- Assessed land: $153,000
- Assessed improvements: $468,000

## Tax breaks

- Nonprofit exemption (religious school), with no end date, about $67,366 a year below the full tax.

## Zoning

M1-1: floor area ratio 1.20 built, above the 1.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Dec 30, 2021: $7,500,000

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