# 481 Prospect Place, Brooklyn

Condominium · 8 units · built 2005 · Block 1155, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3011557501/481-prospect-place

More construction in Crown Heights: https://umarelli.org/nyc/brooklyn/crown-heights.md

Every lot on block 1155: https://umarelli.org/nyc/brooklyn/1155.md

## 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.

## 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.

## Flood zone

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

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