# 346 Avenue U, Brooklyn

Condominium · 12 units · built 2023 · Block 7127, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3071277501/346-avenue-u

More construction in Ocean Parkway: https://umarelli.org/nyc/brooklyn/ocean-parkway.md

## Building permits

- New Building — Multi-Family, filed Oct 6, 2022, estimated cost $10.0M, 12 units, 6 stories, described as “Herewith filed 6 story residential new building.”
- Alteration, filed May 2, 2024, estimated cost $10K, described as “Installation Of Temporary Pittsburgh Hoists As per Plans Submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Nov 30, 2023, estimated cost $10K, described as “Installation of a temporarily supported scaffold, heavy-duty sidewalk shed, roof protection and needle beam per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this…”
- Alteration, filed Oct 12, 2023, estimated cost $1K, described as “Install new Curb Cut for a 6 story residential new building.”
- Alteration, filed Aug 22, 2023, estimated cost $1K, described as “Install underground plumbing in conjunction with NB B08011331 as per plans filed”
- Alteration, filed May 25, 2023, described as “Installation of temporary construction fence as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $814,500
- 2026–27 tax: $89,382
- Market value (city estimate): $1,809,999
- Taxable value: $732,578
- Assessed land: $459,000
- Assessed improvements: $355,500
- Condo units with their own tax lots: 12

## Tax breaks

- Co-op and condo abatement, with no end date, a $1,744 credit this tax year.

## Zoning

R6A: floor area ratio 2.70 built, 3.00 allowed by base zoning.

## Recent sales

- May 19, 2026: $7,500,000, Unit PH
- May 14, 2026: $3,062,250, Apt 3A
- Mar 13, 2026: $6,000,000, Apt 2A
- Oct 24, 2025: $6,971,588, Apt 5A
- Sep 18, 2025: $4,849,800, Apt 4C
- Aug 19, 2025: $4,185,075, Apt 3C
- Aug 5, 2025: $4,300,000, Apt 2B

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