467 Prospect Avenue, Brooklyn
Industrial · built c. 1910 · Block 1113, Lot 61.
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Building permits
- New Building — Mid-Rise, filed Jul 29, 2026, 99 units, 10 stories, described as “MPP #638 - Building D Proposed ten-story residential building”
- Major Renovation — Conversion, filed Jul 30, 2026, estimated cost $6.4M, 99 units added, 10 stories, described as “Proposed vertical and horizontal enlargement to an existing 1-story building. Conversion from manufacturing to residential on first floor. Total 10-story and cellar residential building”
- Alteration, filed Jun 29, 2026, estimated cost $160, described as “Proposed 8FT construction fence. No change to use, egress or occupancy under this application.”
- Alteration, filed Jun 8, 2026, estimated cost $17K, described as “Proposed to cut, cap and demolish sprinkler system in conjunction with full demo job # B01361498. No change to use, egress or occupancy under this application.”
- Demolition, filed Apr 13, 2026, estimated cost $100K, described as “Full Demolition to One 2 Story Building”
- Demolition, filed Apr 13, 2026, estimated cost $100K, described as “Full Demolition to One 3 Story Building”
- Alteration, filed Mar 19, 2020, estimated cost $3K, described as “Replace gas line throughout building. Register all gas fired equipment.”
Property taxes
- Assessment
- $1,611,000
- Assessed land
- $350,550
- Assessed improvements
- $1,260,450
Tax breaks
- IDA PILOT, with no end date.
Zoning
R7A: floor area ratio 1.24 built, 4.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Sep 25, 2026: $55,000,000, 38,650 sq ft, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 441 & 467 Prospect Avenue Rezoning (City Planning 2021K0375): Zoning map change, Zoning text change, Completed, decided Feb 27, 2025. A zoning map amendment from R5B to R7-1, a zoning special permit pursuant to ZR 74-533 to waive required parking minimums, and a zoning text amendment to create an MIH area to facilitate two new 13-story buildings, with approximately…
In the news
Massive Change Coming to Arrow Linen Block Under New Developer, Brownstoner, Aug 31, 2026.