2971 Shell Road, Brooklyn
Apartment building · 189 units · built 2022 · Block 7269, Lot 1.
Building permits
- New Building — Large Residential, filed Dec 22, 2021, 189 units, 8 stories, described as “New building - hub consultation held and accepted on 12/14/2021.”
- Alteration, filed Sep 16, 2024, estimated cost $1K, described as “This application is filed for a Temporary Use Permit for a sales office including model apartments pursuant to section AC 28-111 and Buildings Bulletin 2010-002.”
- No Work, filed Feb 14, 2024
- Alteration, filed Dec 27, 2023, estimated cost $1K, described as “[MPP-147] Excavation and retaining wall at rear yard driveway. No change in egress, use or occupancy.”
- Alteration, filed Mar 10, 2023, estimated cost $5K, described as “Installation of temporary debris chute as per plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 20, 2022, estimated cost $6K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 6, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 11, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 16, 2022, estimated cost $150K, described as “Test pile installation for load testing only in conjunction with NB B00646589-I1. Building foundation filed under B00646589-S1. No change in egress, use or occupancy.”
- Alteration, filed Feb 10, 2022, estimated cost $50K, described as “Plywood construction fence 1,113.9 linear feet. No change in egress, use or occupancy.”
- Alteration, filed Jan 24, 2022, estimated cost $175K, described as “Temporary Standpipe in conjunction with NB B00646589. No change in egress, use or occupancy.”
Property taxes
- Assessment
- $19,642,500
- 2026–27 tax
- $23,192
- Market value (city estimate)
- $43,650,000
- Taxable value
- $186,448
- Assessed land
- $1,943,100
- Assessed improvements
- $17,699,400
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $2,420,138 a year below the full tax.
Zoning
R6: floor area ratio 4.09 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- Dec 2, 2021: $26,260,623
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 773 Neptune Avenue Certification (City Planning 2023K0126): Certification, In Public Review, filed Apr 19, 2024, decided Jul 31, 2024. A Certification for Community Facility Uses on Certain Corner Lots pursuant to ZR 113-41 to facilitate a new four-story, 30,950 square-foot community facility building sought by 773 Neptune Avenue QOZ LLC at 773 Neptune Avenue in Coney…
In the news
Affordable Housing Lottery Launches for 2971 Shell Road in Coney Island, Brooklyn, New York YIMBY, Dec 18, 2024.