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1045 Atlantic Avenue

Brooklyn · Parcel 3020200068
456
Residential units
2023
Year built
462,052 sq ft
Building area
1
Open violations
$50,856,300
Assessed value

Analysis

AI-generated Risk: Medium

The asset offers solid equity and recent sale data but the residential over‑building restriction and steep tax burden temper its attractiveness.

The good

  • Market value on record ($113,014,000) far exceeds assessed value ($50,856,300), indicating strong equity potential.
  • Recent arm's‑length sale in 2023 at $65,000,000 provides a clear, recent market benchmark.
  • Only one open violation and no enforcement or safety penalties show minimal compliance risk.
  • Zero legal proceedings and not on tax lien list suggest clean title and financial standing.

The bad

  • Built beyond the residential floor‑area limit (residential FAR 9.81 vs limit 7.52) makes the building over‑built and limits future expansion.
  • Assessed value increased by 2116.8% indicating a recent reassessment shock that may affect financing.
  • Annual property tax estimate of $6,273,261 is high relative to income potential.
  • Only one open violation per unit (0) but the building is flagged for over‑building, a structural constraint.

Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.

What the numbers say

Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.

Already larger than residential zoning would allow

The building occupies a floor-area ratio of 9.81, against a residential limit of 7.52 — it is over that limit by 2.29. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands.

A light open-violation load

Only 1 violation is currently open across 456 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.

Last recorded sale

Recorded at $65,000,000 on 6 Jun 2023 — $142,544 per residential unit, $141 per built square foot, 1.28× the assessed value.

Assessed value trend

Assessed value has risen 2,116.8% across the 5 assessment years on record (2023 to 2027), standing at $50,856,300. Because tax is levied on the assessed figure rather than on market value, a sustained move here tends to show up in the bill.

Development & zoning

Floor-area ratio

Built9.81
Residential limit7.52
Commercial limit6.00
Community-facility limit7.50

Development headroom (calculated) calculated

Highest permitted ratio7.52
Unused ratio-2.29
Unused buildable area—
Lot area47,100 sq ft

Value & taxes

Assessment

Assessed total$50,856,300
Assessed land$2,119,500
Assessed building$48,736,800
Market value on record$113,014,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$50,178,060
Tax rate12.502%
Estimated annual levy$6,273,261.06

The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.

Assessed value by year

YearAssessed valueChange
2027$50,856,300—
2026$36,902,700+37.8%
2025$5,800,500+536.2%
2024$806,400+619.3%
2023$2,294,100-64.8%

Building & occupancy

Structure

Year built2023
Floors17
Building area462,052 sq ft
Residential area416,012 sq ft
Commercial area46,040 sq ft

Occupancy

Total units457
Residential units456
Rent-stabilized446
Free Market / Other10
Residential Avg unit size912 sq ft (calculated)
Commercial Avg unit size46,040 sq ft (calculated)
Building classD7

Neighborhood, risk & energy

Neighborhood & transit

Nearest subwayFranklin Av (S) — 0.07 mi
School district13
Police precinct79
Nearest firehouseBattalion 57/Engine 235 — 206 Monroe Street

Location risk

Flood zoneMinimal hazard (Zone X)
Hurricane evacuation zoneNot in an evacuation zone
Environmental restrictionHazardous materials, noise

Comparable sales

AddressSale datePriceSq ft$/sq ft
212 Lefferts Place2026-05-29$1,400,0003,206$437
1025 Atlantic Avenue2026-02-26$14,000,0008,270$1,693
200 Lefferts Pl2025-05-29$1,500,0001,950$769
190 Lefferts Place, 12023-08-31$800,000——
214 Lefferts Place2023-04-13$684,8732,584$265
196 Lefferts Pl, A2022-12-30$1,635,000——
190 Lefferts Place, 22022-11-21$655,000——
208 Lefferts Place, 22022-06-15$749,000——

Record activity

Compliance calculated

Open violations1
Open per residential unit0.0 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed$0.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded200
Permits / alterations40
Recorded documents49
Legal proceedings0

Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.

Ownership & last recorded sale

Owner of record

Owner1065 Atlantic Avenue LLC
Parcel3020200068
Block2020
Lot68
Mortgage on record$45,000,000 (2025) — Wells Fargo Bank, National Association
Fixture liens1 active fixture lien

Last recorded transfer

Date6 Jun 2023
Recorded price$65,000,000
Price per unit$142,544
Price vs assessed1.28×

Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.

Open violations

Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.

IssuedCategoryClassStatusAmount dueDescription
16 Sep 2026HousingCVIOLATION WILL BE REINSPECTED—27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGES IN THE ENTRANCE LOCATED AT APT 616, 6th STORY, 11th APARTMENT FROM EAST AT SOUTH

Complaints

A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.

DateProblemTypeStatusClosed
22 Sep 2026Defective HardwareStreet ConditionIn Progress—
21 Sep 2026Posted Parking Sign ViolationIllegal ParkingClosed21 Sep 2026
21 Sep 2026Posted Parking Sign ViolationIllegal ParkingClosed21 Sep 2026
14 Sep 2026Oil Spill LargeHazardous MaterialClosed14 Sep 2026
8 Sep 2026Posted Parking Sign ViolationIllegal ParkingClosed8 Sep 2026
8 Sep 2026Posted Parking Sign ViolationIllegal ParkingClosed8 Sep 2026
8 Sep 2026Posted Parking Sign ViolationIllegal ParkingClosed8 Sep 2026
8 Sep 2026N/AEncampmentClosed8 Sep 2026
8 Sep 2026N/AEncampmentClosed8 Sep 2026
7 Sep 2026Loud Music/PartyNoise - ResidentialClosed7 Sep 2026
7 Sep 2026Loud Music/PartyNoise - CommercialClosed7 Sep 2026
30 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed30 Aug 2026
30 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed30 Aug 2026
30 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed30 Aug 2026
30 Aug 2026Loud Music/PartyNoise - ResidentialClosed30 Aug 2026
22 Aug 2026Loud Music/PartyNoise - ResidentialClosed22 Aug 2026
16 Aug 2026N/AEncampmentClosed16 Aug 2026
14 Aug 2026N/AEncampmentClosed14 Aug 2026
12 Aug 2026N/AEncampmentClosed12 Aug 2026
11 Aug 2026N/AEncampmentClosed11 Aug 2026
9 Aug 2026N/AEncampmentClosed9 Aug 2026
8 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed8 Aug 2026
4 Aug 2026DogNoiseClosed8 Sep 2026
3 Aug 2026Double Parked Blocking VehicleIllegal ParkingClosed3 Aug 2026
3 Aug 2026N/AEncampmentClosed3 Aug 2026
2 Aug 2026N/AEncampmentClosed2 Aug 2026
2 Aug 2026Defective HardwareStreet ConditionClosed4 Aug 2026
30 Jul 2026N/AEncampmentClosed30 Jul 2026
29 Jul 2026N/AEncampmentClosed29 Jul 2026
28 Jul 2026N/AEncampmentClosed28 Jul 2026
28 Jul 2026N/AEncampmentClosed28 Jul 2026
27 Jul 2026N/AEncampmentClosed27 Jul 2026
27 Jul 2026N/AEncampmentIn Progress—
15 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed19 Jul 2026
15 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed19 Jul 2026
15 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed19 Jul 2026
7 Jul 2026Banging/PoundingNoise - ResidentialClosed7 Jul 2026
2 Jul 2026Banging/PoundingNoise - ResidentialClosed2 Jul 2026
24 Jun 2026Noise, Barking Dog (NR5NoiseClosed30 Jun 2026
24 Jun 2026Noise, Barking Dog (NR5NoiseClosed30 Jun 2026
14 Jun 2026Dirty Water (WEWater SystemClosed19 Jun 2026
2 Jun 2026Lead Kit Request (Residential) (L10LeadClosed3 Jun 2026
31 May 2026Loud Music/PartyNoise - ResidentialClosed31 May 2026
21 May 2026ENTIRE BUILDINGHEAT/HOT WATERClosed22 May 2026
19 May 2026N/AEncampmentClosed19 May 2026
14 May 2026N/AEncampmentClosed14 May 2026
12 May 2026N/AEncampmentClosed12 May 2026
6 May 2026Plate Condition - NoisyStreet ConditionClosed31 Jul 2026
3 May 2026Plate Condition - NoisyStreet ConditionClosed31 Jul 2026
27 Apr 2026Lead Kit Request (Residential) (L10LeadClosed28 Apr 2026

Showing the 50 most recent of 150. The full set is available in the interactive report.

Permits & alterations

The absence of a permit does not prove no work was done — it may equally mean work was done without one.

IssuedTypeStatusWork
12 Nov 2025Protection and Mechanical MethodsPermit IssuedINSTALLATION OF CONSTRUCTION FIELD OFFICE AS SHOWN PER PLAN IN ACCORDANCE WITH 3303.6
11 Jun 2025Curb CutSigned-offCurb cut for parking garage in conjunction with construction of New Building
10 Jun 2025Curb CutSigned-offCurb cut for loading dock in conjunction w/ construction of New Building
28 May 2025Boiler EquipmentSigned-offFiling herewith for installation of Boilers. Filed in conjunction with NB B00606335
29 Apr 2025General ConstructionSigned-offTHIS APPLICATION FILED HEREWITH FOR A TEMPORARY USE PERMIT FOR MODEL APARTMENTS AND LEASING OFFICE ON FLOORS 7 PURSUANT TO SECTION AC 28-111 AND BUILDINGS BULLETIN 2010-002. NO CHANGE IN OCCUPANCY, USE OR EGRESS UNDER THIS APPLICATION
19 Nov 2024General ConstructionPermit Issued17 Story Mixed Use New Building
10 Oct 2024FoundationSigned-offFoundation work in conjunction with construction of New Building. Superstructure and SOE filed separately under -S2 and -S3, respectively
30 Aug 2024Mechanical SystemsSigned-offMechanical work in conjunction with construction of New Building
20 Aug 2024Suspended ScaffoldSigned-offInstallation of temporary two-point suspended scaffold for worker access during construction. Temporary two-point suspended scaffold shall comply with NYC BC Chapter 33. No change in use, egress, or occupancy
22 Jul 2024SprinklersPermit IssuedSprinkler/Standpipe work in conjunction with construction of New Building
17 Jul 2024Protection and Mechanical MethodsSigned-offINSTALLATION OF 7,100 LB CAPACITY DUAL PERSONNEL/MATERIAL HOIST CARS AS PER PLANS DURING CONSTRUCTION. HOIST SHALL COMPLY WITH CHAPTER #33 OF THE 2022 CODE. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION
16 Jul 2024Suspended ScaffoldSigned-offInstallation of temporary two-point suspended scaffold for worker access during construction. Temporary two-point suspended scaffold shall comply with NYC BC Chapter 33. No change in use, egress, or occupancy
21 Jun 2024Sidewalk ShedSigned-offINSTALLATION OF HEAVY DUTY SIDEWALK SHED, OHP & ROOF PROTECTION AS PER PLANS. TEMPORARY EQUIMPMENT SHALL COMPLY WITH CHAPTER #33 OF THE 2022 CODE. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION
16 Mar 2024Construction FenceSigned-offINSTALLATION OF PLYWOOD CONSTUCTION FENCE FILED IN CONJUNCTION WITH NB# B00606335-I1
5 Dec 2023General ConstructionSigned-offINSTALLATION OF PLACING BOOM IN CONJUNCTION WITH B00606335 (NB). THIS APPLICATION INVOLVES NO CHANGE IN USE, OCCUPANCY OR EGRESS
5 Dec 2023General ConstructionSigned-offINSTALLATION OF PLACING BOOM IN CONJUNCTION WITH B00606335 (NB). THIS APPLICATION INVOLVES NO CHANGE IN USE, OCCUPANCY OR EGRESS
28 Sep 2023StructuralSigned-offSuperstructure work in conjunction with construction of new building. Foundation and SOE filed separately under -S1 and -S3, respectively
29 Aug 2023StandpipePermit IssuedFILING FOR TEMPORARY STANDPIPE DURING CONSTRUCTION
8 Aug 2023Construction FenceSigned-offINSTALLATION OF TEMPORARY CONSTRUCTION PLYWOOD FENCE AS PER PLANS DURING CONSTRUCTION. NO CHANGE IN USE, EGRESS OR OCCUPANCY. FENCE SHALL COMPLY WITH CHAPTER 33 OF NYC BUILDING CODE OF 2022
16 Mar 2023Support of ExcavationSigned-offSupport of Excavation work in conjunction with construction of New Building. Foundation and Superstructure filed separately under -S1 and -S2, respectively
18 Jan 2023DMISSUED—
27 Dec 2022DMISSUED—
1 Dec 2022Sidewalk ShedPermit IssuedINSTALLATION OF 300 psf SIDEWALK SHED PER PLANS. SIDEWALK SHED SHALL COMPLY WITH CHAPTER #33 OF THE NYC CODE. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION
28 Nov 2022DMISSUED—
28 Nov 2022DMISSUED—
28 Nov 2022DMISSUED—
18 Nov 2022Construction FenceSigned-offInstall plywood construction fence to protect site from the full demolition operations as per application #322099965
7 Nov 2022Construction FenceSigned-offInstall plywood construction fence to protect site from the full demolition operations as per application #322099849
7 Nov 2022Construction FenceSigned-offInstall plywood construction fence to protect site from the full demolition operations as per application #322099956
4 Nov 2022Construction FenceSigned-offInstall plywood construction fence to protect site from the full demolition operations as per application #322099938 and 322099947 for 1051 building
21 Apr 2022FoundationSigned-offEarly permanent foundation element for proposed residential development filed under NB B00606335. Early foundation elements to be integrated into full/final building foundation and structure. Full foundation filed under B00606335-S1
29 Sep 2016A1ISSUED—
27 Nov 2015DMISSUED—
23 Dec 2004A2ISSUED—
14 Dec 2004A2ISSUED—
14 Dec 2004A2ISSUED—
26 Mar 2004A2ISSUED—
21 May 1998A2ISSUED—
15 Apr 1998A2ISSUED—
—A2IN PROCESS—

Recorded documents

Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.

RecordedTypeAmountFromTo
18 Aug 2026SMIS———
9 Jul 2026SMIS———
5 Jan 2026Mortgage$45,000,000——
5 Jan 2026Agreement$230,000,000——
13 Nov 2025Agreement———
29 Jan 2025CERT———
8 Nov 2024SMIS———
21 Nov 2023EASE———
21 Aug 2023DECL———
6 Jun 2023Deed$65,000,000——
6 Jun 2023Mortgage$159,830,750——
6 Jun 2023Mortgage$25,169,250——
6 Jun 2023Satisfaction of mortgage———
6 Jun 2023TL&R———
6 Jun 2023TL&R———
6 Jun 2023TL&R———
20 Apr 2023Agreement$12,583,071——
20 Apr 2023Deed———
20 Apr 2023ASPM$12,583,071——
9 Mar 2023SMIS———
9 Mar 2023SMIS———
9 Mar 2023SMIS———
29 Nov 2022Satisfaction of mortgage———
29 Nov 2022TL&R———
9 Nov 2022Satisfaction of mortgage———
9 Nov 2022TL&R———
6 Jan 2022CERT———
6 Jan 2022ZONE———
13 Dec 2021Deed———
13 Dec 2021Agreement$12,583,071——
13 Dec 2021AL&R$12,583,071——
13 Dec 2021Satisfaction of mortgage———
7 Oct 2021Agreement$4,000,000——
4 Feb 2020Agreement$4,000,000——
4 Feb 2020AL&R$4,000,000——
4 Feb 2020Assignment———
4 Feb 2020Deed$6,600,000——
4 Feb 2020Mortgage$5,600,000——
4 Feb 2020Mortgage$3,447,971——
4 Feb 2020TL&R———
23 Jun 2016Satisfaction of mortgage———
23 Jun 2016AL&R$600,000——
23 Jun 2016Mortgage$600,000——
24 May 2002Deed———
24 May 2002Deed———
24 May 2002Mortgage$330,500——
20 Jun 1995Satisfaction of mortgage———
15 Apr 1977Mortgage———
11 Jun 1975Mortgage———

About this page

Compiled from New York City public records — data retrieved 5 days ago. Coverage on this parcel: 15 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.

This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.