487 3rd Street, Brooklyn
Co-op · 4 units · built c. 1921 · Block 976, Lot 50.
Building permits
- Alteration, filed Nov 29, 2022, estimated cost $11K, described as “Renovation of an apartment on the 3RD floor of an existing residential building. Architectural and plumbing work. No change to use, occupancy, or egress.”
- Alteration, filed Nov 28, 2022, estimated cost $39K, described as “Renovation of an apartment on the 3RD floor of an existing residential building. Architectural and plumbing work. No change to use, occupancy, or egress.”
Property taxes
- Assessment
- $846,450
- 2026–27 tax
- $30,092
- Market value (city estimate)
- $1,881,000
- Taxable value
- $293,227
- Assessed land
- $8,550
- Assessed improvements
- $837,900
Tax breaks
- Co-op and condo abatement, with no end date, a $6,383 credit this tax year.
Zoning
R6B: floor area ratio 2.00 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Dec 30, 2020: $1,100,000, Apt 1
- Jun 4, 2020: $915,000, Apt 4
- Jul 25, 2019: $915,000
- Oct 12, 2017: $1,050,000
Open-market sales since 2016, from the Department of Finance’s sales files.