The property tax exemptions will affect seven buildings in Brooklyn Community Board 16. Image credit: Department of City Planning
Dean Atlantic HDFC received property tax exemption for seven buildings. On August 21, 2014, the City Council voted 47-0 to approve an Article XI property tax exemption on seven buildings owned by the Dean Atlantic Housing Development Finance Corporation. The Department of Housing Preservation and Development requested the exemption from the City Council on Dean Atlantic’s behalf. The buildings are all in Brooklyn Community Board 16, covering the Ocean Hill and Brownsville communities. Six of the buildings are located in an area bounded by Atlantic Avenue to the north, Dean Street to the south, Rockaway Avenue to the west and Eastern Parkway to the east. The seventh building is located further south at the corner of Park Place and Saratoga Avenue. The buildings are either two-or three-stories for a total of twelve residential units, with five of the buildings featuring a commercial space on the ground floor. The residences are two- and three-bedroom units.
