# 423 88th Street, Brooklyn

Parking · built 1989 · Block 6050, Lot 15.

On Umarelli: https://umarelli.org/nyc/3060500015/423-88-street

More construction in Bay Ridge: https://umarelli.org/nyc/brooklyn/bay-ridge.md

## Building permits

- Alteration, filed Jun 15, 2026, estimated cost $40K, described as “Structural work includes the infill of the escalator pit on the second floor and the infill of the first floor slab on grade as per plans filed herewith. No change in use, egress, or occupancy.”

## Property taxes

- Assessment: $9,984,600
- 2026–27 tax: $826,511
- Market value (city estimate): $22,188,000
- Taxable value: $8,357,190
- Assessed land: $1,817,550
- Assessed improvements: $8,167,050

## Zoning

C4-2A: floor area ratio 4.15 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Oct 16, 2025: $28,000,000

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

## Flood zone

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

## Board and land use applications

- CENTURY 21 BAY RIDGE (City Planning P2007K0138): Completed, decided Nov 20, 2007. 07DCP062K: SPECIAL PERMIT TO ALLOW A PUBLIC PARKING GARAGE OF 279 SPACE S, ROOF TOP PARKING, AND A WAIVE OF FL. AREA BELOW 23 FT; RE ZONE FROM COMMERCIAL C8-2 TO C4-2A

## In the news

[Demo Starts at Bay Ridge’s Former Century 21 Site for New Retail Complex](https://www.brownstoner.com/development/bay-ridge-century-21-448-86th-street-demolition/), Brownstoner, Dec 18, 2025.

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