# 470 2nd Street, Brooklyn

Condominium · 2 units · built c. 1920 · Block 976, Lot 7504.

On Umarelli: https://umarelli.org/nyc/3009767504/470-2-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 Jun 5, 2023, described as “Installation of pipe scaffolding. No change in use, occupancy or egress. Work shall comply with chapter 33 of nycc.”
- Alteration, filed Jul 27, 2022, estimated cost $3K, described as “Filing temporary solid fence for main building construction. In conjunction with gc APPLICATION#B00728516.”
- Alteration, filed Jun 9, 2022, estimated cost $39K, described as “Proposed mechanical work on open space, cel, basement, 1st to 3rd floor, and roof. As per plan.”
- Alteration, filed Jun 9, 2022, estimated cost $40K, described as “Proposed plumbing work on open space, cellar, basement, 1ST to 3TH floor, roof & stair bulkhead.”
- Alteration, filed Jun 7, 2022, estimated cost $80K, described as “Proposed footing, foundation and structural work in conjunction with enlargement job# B00727722.”
- Alteration, filed Jun 7, 2022, estimated cost $30K, described as “Propose excavation with support work in conjunction with enlargement job#B00727722.”
- Alteration, filed May 27, 2022, estimated cost $360K, described as “Proposed horizontal enlargement of existing 4 story building. Convert existing 4 families to 2 families. Work on open space, cellar, bas, 1ST floor thru. 3RD floor & roof. As per plan. Obtain new certificate of occupancy.”

## Property taxes

- Assessment: $1,292,400
- 2026–27 tax: $30,655
- Market value (city estimate): $2,872,000
- Taxable value: $298,717
- Assessed land: $167,400
- Assessed improvements: $1,125,000
- Condo units with their own tax lots: 2

## Tax breaks

- Co-op and condo abatement, with no end date, a $6,503 credit this tax year.

## Zoning

R6B: floor area ratio 2.45 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 28, 2023: $3,850,000, Apt 1
- Sep 11, 2023: $3,300,000, Apt 2

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