# 551 4th Street, Brooklyn

Co-op · 8 units · built c. 1905 · Block 1081, Lot 65.

On Umarelli: https://umarelli.org/nyc/3010810065/551-4-street

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

Every lot on block 1081: https://umarelli.org/nyc/brooklyn/1081.md

## Building permits

- Alteration, filed Jul 30, 2026, estimated cost $23K, described as “Interior bathroom renovation and repair bathroom floor of unit 1R. No changes to use, egress or occupancy under this application.”
- Alteration, filed Mar 17, 2022, estimated cost $27K, described as “Structural repairs and reinforcement in Unit 1L.”
- Alteration, filed May 24, 2021, estimated cost $28K, described as “Plumbing work filed in conjunction with apartment 1L renovation (job #B00478238- I1). General construction filed under separate application.”
- Alteration, filed May 24, 2021, estimated cost $13K, described as “Install new split a/c system to serve apt 1L, including rooftop condenser unit. Install toilet, laundry & kitchen exhaust. Filed in conjunction with apartment renovation.”
- Alteration, filed May 19, 2021, estimated cost $253K, described as “Renovation of Apt 1L to include minor int. demo. of non-bearing walls, doors, flooring, bath finishes. Prop. relocation of rooms with new walls. doors, finished floor. Prop. new windows, door and exterior stair/plat. No change to use,…”
- Alteration, filed Jan 18, 2021, estimated cost $33K, described as “Plumbing work filed in conjunction with apartment 2R renovation. General construction filed under separate application.”
- Alteration, filed Jan 18, 2021, estimated cost $13K, described as “Install new split a/c system to serve apt 2R, including rooftop condenser unit. Install toilet, laundry & kitchen exhaust. Filed in conjunction with apartment renovation.”

## Property taxes

- Assessment: $1,805,850
- 2026–27 tax: $29,674
- Market value (city estimate): $4,013,000
- Taxable value: $331,722
- Assessed land: $40,950
- Assessed improvements: $1,764,900

## Tax breaks

- Co-op and condo abatement, with no end date, a $11,597 credit this tax year.

## Zoning

R7B: floor area ratio 2.72 built, 3.00 allowed by base zoning.

## Recent sales

- May 27, 2026: $2,260,000
- Oct 7, 2022: $1,650,000
- Jun 11, 2020: $1,050,000, Apt 1L

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

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

## Landmarks

Part of Park Slope Historic District (Historic District). 16 Landmarks Preservation Commission permits are on file.

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