481 Prospect Place, Brooklyn
Condominium · 8 units · built 2005 · Block 1155, Lot 7501.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $1,111,053
- 2026–27 tax
- $456
- Market value (city estimate)
- $2,468,999
- Taxable value
- $3,661
- Assessed land
- $42,751
- Assessed improvements
- $1,068,302
- Condo units with their own tax lots
- 8
Tax breaks
- 421-a exemption, through Jun 30, 2031, about $137,748 a year below the full tax.
Zoning
R6A: floor area ratio 1.88 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Dec 30, 2025: $238,290, Apt 4B
- May 15, 2020: $1,080,000, Apt 4A
Open-market sales since 2016, from the Department of Finance’s sales files.