487 4th Avenue, Brooklyn
Apartment building · 44 units · built 2024 · Block 1028, Lot 7.
Building permits
- New Building — Mid-Rise, filed Jul 6, 2021, 44 units, 11 stories
- Alteration, filed Feb 6, 2026, described as “Installation of two point suspended scaffolding in accordance with nycc chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Jan 15, 2024, estimated cost $10K, described as “Installation of 6000 lb single personnel/material hoist car as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Dec 11, 2023, described as “Installation of multi-point suspended scaffolding in accordance with nycc chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Dec 11, 2023, described as “Installation of two point suspended scaffolding in accordance with nycc chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Dec 5, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, overhead protection and roof protection as per plans.all equipment shall comply with chapter # 33 of the NYC code 2022. No use in egress or occupancy under this application.”
- Alteration, filed Jul 18, 2023, estimated cost $1K, described as “Installation of temporary barricade as per plan. No change in use,egress or occupancy.”
- Alteration, filed Feb 28, 2023, estimated cost $1K, described as “Provide support of excavation work as per plans filed. No change to use, egress, or occupancy. Filed in conjunction with NB #321600497.”
- Alteration, filed Dec 14, 2022, estimated cost $65K, described as “Installation of temporary construction fence equipment as per plans filed herewith. This application is filed in conjunction with NB-321600497.”
- Alteration, filed Jul 26, 2022, estimated cost $1K, described as “Install foundation as per plans filed. No change to use, egress, or occupancy. Filed in conjunction with NB# 321600497”
- Alteration, filed Jul 15, 2022, estimated cost $1K, described as “Structural work as per plans filed in conjunction with NB# 321600497.”
- Alteration, filed Jul 6, 2022, estimated cost $1K, described as “Install 13 ft. curb cut as per plans filed to provide access to parking garage as per plans filed. No change use, egress or occupancy. Filed in conjunction with NB# 321600497.”
- Alteration, filed Jun 9, 2022, estimated cost $1K, described as “Install temporary dry fire standpipe system with air pressurized alarm as per local laws 63 & 64 of 2009. This system is for use during construction operations. Filed in conjunction with NB#.321600497.”
- Alteration, filed Jun 9, 2022, estimated cost $1K, described as “Install combined sprinkler/standpipe system as per plans filed. No change to use, egress oroccupancy. Filed in conjunction with NB#321600497.”
- Alteration, filed Dec 21, 2021, estimated cost $1K, described as “Mechanical work as per plans filed. Filed in conjunction with NB #321600497. No change to use, egress, or occupancy.”
- Alteration, filed Dec 21, 2021, estimated cost $1K, described as “Installation of plumbing fixtures and piping as per plans filed. No change to use, egress, or occupancy. Filed in conjunction with NB #321600497”
Property taxes
- Assessment
- $4,048,650
- 2026–27 tax
- $18,634
- Market value (city estimate)
- $8,997,000
- Taxable value
- $149,800
- Assessed land
- $264,150
- Assessed improvements
- $3,784,500
Tax breaks
- Article XI exemption, through Jun 30, 2027, about $484,978 a year below the full tax.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- Gowanus Neighborhood Plan (City Planning 2018K0382): Zoning map change, Zoning text change, City map change, Urban development action area, Completed, decided Dec 6, 2021. The Gowanus Neighborhood Plan is a shared, long-term vision for a thriving neighborhood. It looks to identify strategies for an equitable, resilient and sustainable Gowanus, with more local jobs and housing. The Plan supports community…
- MERCY HOME (City Planning P2002K0330): Completed, decided Sep 30, 2002. CONSTRUCTION OF A DETACHED SINGLE-FAMILY HOME WITH A TOTAL OF EIGHT BED INDIVIDUALIZED RESIDENTIAL ALTERNATIVE HOUSING UNITS
- SALE OF CITY-OWNED PROPERTY (City Planning P1980K0551): Completed, decided Oct 23, 1980. SALE OF CITY-OWNED PROPERTY, 115 PARCELS
In the news
Kay’s Place Completes Construction At 487 4th Avenue in Park Slope Brooklyn, New York YIMBY, Jul 19, 2026.