- Year built
- 2011
- Type
- Condominium
- Units
- 631
- Floors
- 42
This is a research record rather than a for-sale profile. AVA Fort Greene is a rental and has no recorded apartment sales, so it carries no data room and no pricing. It is published because it is one of the clearest worked examples of a 421-a benefit running to its end, and the whole arc is visible in the City's own published rolls rather than being modelled.
The building holds a 15-year 421-a exemption that began in 2012 and therefore reaches the end of its term at 2027. What makes it useful as an illustration is that the DOF rolls already carry the full decline, including the final year:
| Assessment roll | Exempt value |
|---|---|
| 2021 | $63,358,116 |
| 2022 | $57,549,966 |
| 2023 | $51,247,013 |
| 2024 | $40,387,090 |
| 2025 | $30,942,506 |
| 2026 | $14,632,543 |
| 2027 | $0 |
Most discussion of 421-a expiration is prospective. Here the exemption is already published at zero on the 2027 roll, which is the difference between a forecast and a record.
What this does and does not tell you
It is a tax record, not a rent record. The exemption is granted on the property's assessed value and is held by the owner. What a landlord does with the loss of that benefit — absorb it, or seek it back through rents where the regulatory framework allows — is a separate question this record does not answer, and it should not be asserted from the roll alone.
Scale is the reason it matters. At 631 apartments and roughly 629,000 square feet, the amount coming back onto the tax roll is large in absolute terms. That is a fact about this building's assessment, not a claim about any individual tenant's rent.
The neighborhood label is a marketing choice. City records place 343 Gold Street in Downtown Brooklyn. The building is marketed as Fort Greene. Both names are in use, which is why both are listed above.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $165,243/yr
- Per unit / month range
- $0 – $22
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Benefit ended
- 2027
- Fully taxed since
- 2027
- Program
- 421-a (15-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. The benefit last appears on the 2026 assessment roll, which is what dates the end of the term.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent.
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