# 467 Prospect Avenue, Brooklyn

Industrial · built c. 1910 · Block 1113, Lot 61.

On Umarelli: https://umarelli.org/nyc/3011130061/467-rear-prospect-avenue

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

## 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
- Market value (city estimate): $3,580,000
- Taxable value: $0
- 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.

## 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.

## Flood zone

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

## 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](https://www.brownstoner.com/development/arrow-linen-467-prospect-avenue-new-developer-plan-goose-reaction/), Brownstoner, Aug 31, 2026.

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