# 2971 Shell Road, Brooklyn

Apartment building · 189 units · built 2022 · Block 7269, Lot 1.

On Umarelli: https://umarelli.org/nyc/3072690001/2971-shell-road

More construction in Coney Island: https://umarelli.org/nyc/brooklyn/coney-island.md

## 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.

## Recent sales

- Dec 2, 2021: $26,260,623

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

## 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).

## 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](https://newyorkyimby.com/2024/12/affordable-housing-lottery-launches-for-2971-shell-road-in-coney-island-brooklyn.html), New York YIMBY, Dec 18, 2024.

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