# 445 5th Avenue, Brooklyn

Condominium · 754 units · built c. 1920 · Block 1011, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3010117502/445-5-avenue

More construction in South Slope: https://umarelli.org/nyc/brooklyn/south-slope.md

## Building permits

- Alteration, filed May 22, 2026, estimated cost $4K, described as “Illuminated non-advertising accessory wall sign - panda express. No change of use, egress or occupancy.”
- Alteration, filed Apr 7, 2026, estimated cost $600, described as “Install exterior illuminated wall sign (chipotle) for tenant at 459 5 ave.”
- Alteration, filed Apr 7, 2026, estimated cost $600, described as “Install exterior illuminated wall sign (chipotle) for tenant at 459 5 ave.”
- Alteration, filed Mar 29, 2026, estimated cost $800, described as “Non-illuminated non-advertising accessory wall sign - veterinary eye center. No change of use, egress or occupancy.”
- Alteration, filed Mar 29, 2026, estimated cost $1K, described as “Non-illuminated non-advertising accessory wall sign - prism veterinary dentistry. No change of use, egress or occupancy.”
- Alteration, filed Dec 2, 2025, estimated cost $220K, described as “Hereby filing interior fit out within an existing building for a fast casual resturant. No change to use occupany or egress. (tenant building out - 449 5th ave - in conjunction with alt-co B00668652-I1)”
- Alteration, filed Nov 6, 2025, estimated cost $50K, described as “Filing herewith structural work as per plans filed herewith. No change to use, egress or occupancy. (tenant building out -451 5th Ave - In Conjunction with ALT-CO B00668652-I1).”
- Alteration, filed Oct 8, 2025, estimated cost $49K, described as “Filing herewith sprinkler work as per plans filed herewith. No change to use, egress or occupancy. (tenant building out - 451 5th Ave - In Conjunction with ALT-CO B00668652-I1)”
- Alteration, filed Oct 3, 2025, estimated cost $1.2M, described as “Filing herewith interior renovation as per plans filed herewith. No change to use, egress or occupancy. (Tenant building out - 451 5th Ave - In Conjunction with ALT-CO B00668652-I1.)”
- Alteration, filed Aug 20, 2025, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jul 28, 2025, estimated cost $515K, described as “Interior alt of existing com. space to create new Panda Express Restaurant. Includes new interior partitions, finishes, HVAC. Fire suppression under separate app. installation of type 1 hood & kitchen exhaust at 1st fl. (Commercial B-449…”
- Alteration, filed Nov 27, 2023, estimated cost $3K, described as “MPP filing for temporary construction equipment, Mechanical Demolition Equipment, chute and roof protection”
- Alteration, filed Sep 12, 2023, estimated cost $10K, described as “Installation of 300 psf sidewalk shed, overhead protection, pipe scaffolding, needle beams and roof of protection as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this…”
- Alteration, filed May 26, 2023, estimated cost $500K, described as “Filing for partial interior and exterior demoliotn of existing building with hand and mechanical demolition as per plans,”
- Major Renovation — Enlargement, filed Mar 2, 2022, estimated cost $20.0M, 30 units added, 6 stories, described as “Vertical enlargement of an existing three story and cellar commercial building. Proposed mixed use 6 (six) story building with residential and commercial uses. Building complies with AC 28-101.4.5”

## Property taxes

- Assessment: $8,481,599
- 2026–27 tax: $989,321
- Market value (city estimate): $18,847,999
- Taxable value: $8,373,931
- Assessed land: $566,547
- Assessed improvements: $7,915,052
- Condo units with their own tax lots: 94

## Zoning

C4-3A: floor area ratio 131.84 built, above the 3.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Aug 11, 2026: $10,000, Apt S6
- Jul 16, 2026: $111,540, Apt P18
- Jun 26, 2026: $1,875,000, Apt S1, sold with other lots
- Jun 25, 2026: $1,830,000, Apt S8, sold with other lots
- Jun 25, 2026: $21,500, Apt S25
- Jun 18, 2026: $998,000, Apt 3H
- Jun 12, 2026: $2,300,000, Apt S12, sold with other lots
- Jun 3, 2026: $2,800,000, Apt S3, sold with other lots
- May 4, 2026: $1,560,000, Apt S18, sold with other lots
- Apr 24, 2026: $1,920,000, Apt S28, sold with other lots

The 10 most recent of 26 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

## In the news

[The Slope on Fifth Nears Completion at 445 5th Avenue in Park Slope, Brooklyn](https://newyorkyimby.com/2025/08/the-slope-on-fifth-nears-completion-at-445-5th-avenue-in-park-slope-brooklyn.html), New York YIMBY, Aug 18, 2025.

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