The board of the 423-443 Tenants Corp. filed a zoning lot description for 1 parcel, including the tax class cooperative (D4) and containing 60 residential units at 423 Atlantic Avenue in Boerum Hill. The zoning document was dated March 30, 2020 and was recorded on May 5, 2020.
Zoning lot descriptions can be filed for a variety of reasons. They can indicate the owner is preparing to file plans with the Department of Buildings for anything from an alteration to a new building entirely. They also can indicate the owner is looking to refinance or obtain a mortgage. Or, they can be used to facilitate subdividing a property into multiple zoning lots.
The property contains a total of 107,000 square feet of built space. The property has 11,898 square feet of available development rights, according to a PincusCo analysis of public data.
Over the past five years, there have been 11 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 11 renovation/alteration projects (A2) applied for with a total estimated value of $1,020,555.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link