# 487 3rd Street, Brooklyn

Co-op · 4 units · built c. 1921 · Block 976, Lot 50.

On Umarelli: https://umarelli.org/nyc/3009760050/487-3-street

More construction in Park Slope: https://umarelli.org/nyc/brooklyn/park-slope.md

Every lot on block 976: https://umarelli.org/nyc/brooklyn/976.md

## 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.

## 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.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology